Career and Family Decisions: Cohorts born 1935 – 1975

Question: How marriage and divorce affected wages and employment of white US males and females born from 1930s to 1970s?
Life-cycle decisions of five cohorts in a unified econometric framework applied to CPS data
Data: aggregate, by cohort and marriage
Household model: education, marriage, employment and fertility
Exogenous changes by cohort: Parents’ education; marriage opportunities; divorce costs; wages; fertility control
Estimation and Results: fit, parameters, answer the question
Counterfactual: shift from joint to individual taxation

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