This paper applies the theory of relational contracts to a model in which a couple decides whether to marry or cohabit … the legal costs of divorce, on the interrelationships among the decisions on marriage, fertility and divorce. …

also an increase in both divorce and cohabitation and a decline - albeit non-significant - in the number of marriages … relative prospects of men may reduce their marriage-market value and affect marital and fertility behavior. …

marriage as well as for a precautionary savings motive. …

Marriage and divorce decisions are influenced by the institutional environment they are made in. One example is the … quantify the importance of household-level insurance for marriage and divorce by exploiting an exogenous increase in the need …

We study marital sorting on academic qualifications and latent ability in an equilibrium marriage market model using … marriage market, and affected marital outcomes of individuals whose qualification attainment were unaffected. We also decompose … the difference in marriage probabilities between unqualified individuals and those with basic qualifications into causal …

suitable alternatives, the taboo was no longer expedient, and was dropped. For the same reasons, marriage has become less … subjectively evaluate the probability of facing a divorce using an availability heuristic. -- Divorce ; marriage ; availability …

possible intellectual influences on Becker's theory of marriage, compares Becker's research on marriage with that of some …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 …

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 …

risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be … multiple equilibria diering not only in divorce rates but also in the role of marriage in providing informal insurance …