Marriage institutions have changed over time, evolving from polygyny to monogamy, and then to serial monogamy (as defined by divorce and remarriage). We propose a unified theory of such institutional changes, where the dynamics of income distribution are the driving force. We characterize the...

This paper analyzes the interaction between socioeconomic factors and the value and prevalence of female virginity. Using a simple model of the marriage market, in which premarital chastity is an important factor influencing spouse selection, we show that the prevalence of virginity increases...

We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental care, depending on how much they expect to live. In turn, environmental conditions affect life expectancy. As a result, our model produces a positive...