Choo, Eugene; Siow, Aloysius - Society for Economic Dynamics - SED - 2004
The objective of the paper is to develop and estimate a non-parametric dynamic model of the marriage market … they want to marry and who to marry. Equilibrium transfers clear the marriage market in every period. Divorce hazards are … exogenous. The rational expectations equilibrium of this model generates a intertemporal sequence of marriage matching functions …