Keynote speakers > Pierre-André Chiappori

Pierre-André Chiappori

Pierre-André Chiappori is the E. Rowan and Barbara Steinschneider Professor of Economics at Columbia University.  He was previously Professor at the University of Chicago and has also taught in France at Paris Sorbonne, the EHESS, Ecole Polytechnique and ENSAE. He is a Fellow of the European Economic Association, of the Econometric Society and of the Society of Labor Economists and a Distinguished Fellow of the Becker Friedman Institute for Research in Economics at the University of Chicago. Among other honorary distinctions, Pierre-André has recently become corresponding member of the “Académie des Sciences Morales et Politiques” in Paris and was made honoris causa of the University of Laval. His research focuses on household economics, risk, insurance and contract theory, general equilibrium and mathematical economics, with path-breaking advances in the theory of household behavior and on the nature of contracts in presence of asymmetry of information. He has published numerous articles, including several publications in the top-five economic journals. He has also been editor and co-editor of many international journals and notably the Journal of Political Economy. Pierre-André has applied mixed-strategy equilibria to penalty kicks in soccer, and is a staunch support of the AS Monaco.

 

 Monday, June 13, 2016 - 3:35 pm

"Partner Choice, Investment in Children, and the Marital College Premium" (joint work with B. Salanie and Y. Weiss)

Abstract: Recent decades have been a period of significant demographic changes in the US and in other rich countries. Of major importance are the evolutions in education and human capital, particularly in terms of composition by gender. The main argument of the present paper is that these phenomena are the by-products of a general trend: the increasing importance of investment in children's education, particularly at the top of the human capital distribution. As a result, the structure of household production has drastically
changed, and so have motivations for marriage. Extending a recent contribution by Chiappori, Iyigun and Weiss (AER 2009), we argue that the returns to education comprise not only the standard labor market college premium, but also the _effect of education on marital outcomes. We show that as parents' education is an important input in the production process of children human capital, matching should be assortative on human capital, and that If economic returns to investments in children's human capital improve, then we should observe a corresponding increase in assortative matching. Lastly, we provide an empirical estimation of these various _effects, that builds upon a seminal contribution by Choo and Siow (JPE 2006) that we extend to a multi market framework.

credit photo:www.columbia.edu/~pc2167/

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