Abstract

This chapter describes the marriage wage premium. Married men with stay-at-home wives earn a much higher premium than married men with working wives and use this to argue in favor of real productivity effects. Number of years married would be expected to increase a man's marriage wage premium. Increasing relative cohort size was a major factor in the loss of the marriage wage premium and stagnation in average male wages observed over the last twenty years. Women's tendency, as they entered the labor force, to replace their own home production with purchased goods and services generated a marked increase in the proportion of jobs in low-wage retail and service sectors—and men holding such jobs tend to benefit little from any increased specialization in marriage.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.