This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their … love. Is love more important to a lasting marriage than economic compatibility? To answer this question, I develop a simple … model where rational individuals meet, enjoy the economic and non-pecuniary benefits of marriage (i.e., love), and then must …

– transfers from the groom to the bride’s parents at marriage. We develop a simple model in which households are exposed to income …

estimate a life-cycle model of marriage, labor supply and divorce under limited commitment to better understand the mechanisms …

marriage does not appear to translate into economic protection. …

We develop a novel framework to analyze the structural implications of the marriage market for household consumption …. We define a revealed preference characterization of efficient household consumption when the marriage is stable …. Stability means that the marriage matching is individually rational and has no blocking pairs. We characterize stable marriage …