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We develop a novel framework to analyze the structural implications of the marriage market for household consumption … patterns. We start by defining a revealed preference characterization of efficient household consumption when the marriage is … stable. In particular, stability means that the marriage matching is individually rational and has no blocking pairs. We show …
Persistent link: https://www.econbiz.de/10010337411
We document that, over the 20th century, age at first marriage followed a U-shaped pattern, while the gender education … model where educational and marriage decisions are endogenous. Two key assumptions are made: marriage requires a fixed cost … consistent with our empirical result that exogenous delays in marriage age caused by minimum age laws decreased the educational …
Persistent link: https://www.econbiz.de/10011450348
Australia, UK and US, we find that selection into marriage by individuals with a higher taste for home-produced goods can … two-hour increase in housework time for each partner upon marriage, with women specializing in routine, and men …
Persistent link: https://www.econbiz.de/10011647542
Children can be considered as a marriage-specific investment that increases the value of the marriage, making a divorce …, for the United States, to investigate the relation between fertility and marriage instability. In our model of marriage … children conceived during first marriage. Our results indicate that the presence of children significantly reduces the …
Persistent link: https://www.econbiz.de/10010229313
Does availability of common law marriage (CLM henceforth) in the U.S help explain variation in the labor force … legal protection to household producers at the margin between single status and marriage, we expect it to discourage labor …
Persistent link: https://www.econbiz.de/10010239260
A woman assessing the wealth of a potential husband may observe some, but not all, of his wealth. She may screen, leading to status consumption and wasteful gift giving. The screening activity is costly not only for the potential husband, but also for the woman, as it reduces the wealth of the...
Persistent link: https://www.econbiz.de/10010379931
This paper examines the effects of reforms that reduced alimony on matching in the marriage market. Recent literature … reform that reduced the entitlements of eligible spouses and American Community Survey data on marriage and the …
Persistent link: https://www.econbiz.de/10012703134
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 …
Persistent link: https://www.econbiz.de/10011992448
This paper develops a new equilibrium model of two-sided search where ex-ante heterogenous individuals have general payoff functions and vectors of attributes. The analysis applies to a large class of models, from the non-transferable utility case to the collective household case with...
Persistent link: https://www.econbiz.de/10011670967
Relationships have changed dramatically in the last fifty years. Fewer couples are marrying, more are cohabiting. Reasons for this shift abound, but the shift may have consequences of its own. A number of models predict that those cohabiting will specialize less than those marrying. Panel data...
Persistent link: https://www.econbiz.de/10014250603