Showing 1 - 10 of 1,432
We use elementary game-theoretical concepts to compare domestic equilibria with and without marriage. In particular, we … examine the effects of marriage legislation, matrimonial property regime, and divorce court sentencing practice, on the … decision to marry, and on the choice of game conditional on marriage. We find that, in the absence of social stigma or legal …
Persistent link: https://www.econbiz.de/10010269649
rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments …
Persistent link: https://www.econbiz.de/10010261582
theory predicts that most of the gender age difference at first marriage will persist even if the gender wage-gap disappears … value of their current match exceeds that of remaining single. If both partners propose, the meeting ends up in a marriage … ages of first-time brides and grooms. We show that modeling the marriage decision in this simple way is sufficient to …
Persistent link: https://www.econbiz.de/10010268630
This paper discusses the literature on the enforcement of incomplete contracts. It compares legal enforcement to enforcement via relationships and reputations. A number of mechanisms, such as the repeat purchase mechanism (Klein and Leffler (1981)) and efficiency wages (Shapiro and Stiglitz...
Persistent link: https://www.econbiz.de/10010267674
This paper investigates the effect of earnings and employment opportunities on pre-marital fertility. Using data from a sample of British women born in 1970, we estimate an independent competing risks hazard model of fertility and cohabitation decisions. Our results show that individual earnings...
Persistent link: https://www.econbiz.de/10010262062
We develop a model of the household in which spousal incomes are determined by pre-marital investments, the marriage … then enables us to show that, for each couple, the marriage market generates a unique and maritally sustainable sharing …
Persistent link: https://www.econbiz.de/10010267526
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes. …
Persistent link: https://www.econbiz.de/10010269010
I develop an equilibrium, two-sided search model of marriage with endogenous population growth to study the interaction … between fertility, the age structure of the population and the age at first marriage of men and women. Within a simple two …-period overlapping generation model I show that, given an increase of the desired number of children, age at marriage is affected through …
Persistent link: https://www.econbiz.de/10010274600
We formulate and estimate a dynamic model of marriage, divorce, and remarriage using 27 years of panel data for the … of husbands and wives from their willingness to enter marriage. Education and marriage order are complements in … generating gains from marriage. Educated men and women receive a larger share of the marital gains but this effect is mitigated …
Persistent link: https://www.econbiz.de/10010282574
importation: the rapid growth of women's educational attainment and a cultural norm that leads to a low net surplus of marriage …
Persistent link: https://www.econbiz.de/10010286887