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This paper describes Gary Becker's theoretical models of marriage. At the micro-level, these are all rational choice models. At the market level, Becker offers two major types of models: partial equilibrium models based on Price Theory as taught by Marshall and Friedman and optimal sorting...
Persistent link: https://www.econbiz.de/10003850161
This paper presents an inter-temporal model of individual behavior with uncertainty about marriage and divorce and which accommodates the possible presence of economies or diseconomies of scale from marriage. We show that a scenario of higher marriage rates and higher divorce rates will be...
Persistent link: https://www.econbiz.de/10003997600
Under the common-law system of coverture in the United States, a married woman relinquished control of property and wages to her husband. Many U.S. states passed acts between 1850 and 1920 that expanded a married woman's right to keep her market earnings and to own separate property. The former...
Persistent link: https://www.econbiz.de/10011653755