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) assortative matching by age, and (2) \differential age matching, a formalization of the age difference at marriage between men and …Consider a marriage market with continuous-time two-sided search and transferable utility in which the match payoff … depends on age. This paper characterizes a set of payoff functions consistent with two salient marriage age patterns: (1 …
Persistent link: https://www.econbiz.de/10010284072
We document that home ownership of households with 'heads' aged 25-44 years fell substantially between 1980 and 2000 and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as improvements in mortgage opportunities seemingly made it...
Persistent link: https://www.econbiz.de/10010292126
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/10010294898
of these custody law reforms on the incidence of marriage and divorce. Our identification strategy exploits the different … data suggest that the introduction of joint custody led to a long-run increase in marriage rates. There is no convincing … dampened the persistent downturn in marriage. Our empirical evidence is fully consistent with the supposition that these …
Persistent link: https://www.econbiz.de/10010294901
. Motivated by these observations, we develop a life-cycle model with heterogeneous agents, marriage and divorce and use it to … study the impact of two mechanisms on labor supply: (i) differences in marriage stability and (ii) differences in tax … systems, and as we replace the U.S. divorce and marriage rates with their European equivalents. We find that the divorce and …
Persistent link: https://www.econbiz.de/10010321445
During the last few decades cultural changes have been taking place in many countries due to migration. The degree to which the foreign culture influences the local culture, differs across countries. This paper shows how the willingness of locals and immigrants to intermarry influences the...
Persistent link: https://www.econbiz.de/10010335974
This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no restriction on agent heterogeneity. In this context, a...
Persistent link: https://www.econbiz.de/10010273653
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10010273660
model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations …
Persistent link: https://www.econbiz.de/10010293499
Social insurance is often linked to marriage. I model how such linkage affects the marriage market, and exploit Sweden …. Entry into marriage reflects a demand for survivors insurance up to 50 years before expected payout, especially among … (capacities), its elimination also raises the long-run assortativeness of matching. These findings demonstrate that when social …
Persistent link: https://www.econbiz.de/10011440139