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We present a model in which investment in schooling generates two kinds of returns: the labor-market return, resulting from higher wages, and a marriage-marketreturn, defined as the impact of schooling on the marital surplus shareone can extract. Men and women may have different incentives to invest inschooling because of different market wages or household roles. This asymmetrycan yield a mixed equilibrium with some educated individuals marryinguneducated spouses. When the labor-market return to schooling rises, homeproduction demands less time, and the traditional spousal labor division normsweaken, more women may invest in schooling than men. (JEL I21, J12, J24, J31)