This paper is the first of its kind to study utility interdependence in marriage using information on subjective well …

This paper empirically examines the life-time joint decision problem of marriage, childbearing, and labor force … generally insignificant. Utility gains and losses from marriage are significantly negative if one leaves out financial … of marriage and two children as a typical family unit is negative for women in the labor force. …

recognition between men and women that provides a microfoundation for the institution of marriage. In the model, men and women …. As a socially sanctioned commitment device among partners, the institution of marriage reduces this risk by restraining … societal, economic, and technological changes in their effects on marriage patterns. A combination of factors is argued to …

this phenomenon is that wages increase with age and hence older men are more attractive in the marriage market. The …, especially in modern times. This paper shows that a marriage market equilibrium where women marry earlier in life than men can be … average age at first marriage and the pattern of the sex ratio of single men to single women over different age groups mimics …

The consumption literature uses adult equivalence scales to measure individual level inequality. This practice imposes … the assumption that there is no within household inequality. In this paper, we show that ignoring consumption inequality … within households produces misleading estimates of inequality along two dimensions. First, the use of adult equivalence …