Data and Code for "Household Search and the Marital Wage Premium"
Principal Investigator(s): View help for Principal Investigator(s) Laura Pilossoph, Federal Reserve Bank of New York; Shu Lin Wee, Carnegie Mellon University
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| data | 05/20/2020 01:40:PM | ||
| matlab_scripts | 05/02/2020 09:11:AM | ||
| replication_files | 03/05/2020 03:52:PM | ||
| stata_scripts | 06/15/2020 04:33:PM |
Project Citation:
Pilossoph, Laura, and Wee, Shu Lin . Data and Code for “Household Search and the Marital Wage Premium.” Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-09-23. https://doi.org/10.3886/E118064V1
Project Description
Summary:
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We develop a model where selection into marriage and household search generate a marital wage premium. Beyond selection, married individuals earn higher wages for two reasons. First, income pooling within a joint household raises risk-averse individuals' reservation wages. Second, married individuals climb the job ladder faster, as they internalize that higher wages increase their partner's selectivity over offers. Specialization according to comparative advantage in search generates a premium that increases in spousal education, as in the data. Quantitatively, household search explains 10-33% and 20-58% of the premium for males and females respectively, and accounts for its increase with spousal education.
Scope of Project
Subject Terms:
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Household Search;
Joint Search
JEL Classification:
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J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
Geographic Coverage:
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USA
Time Period(s):
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2000 – 2007
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