Coles, Melvyn G.; Francesconi, Marco - Institute for the Study of Labor (IZA) - 2007
the 1970s in the United States and Britain. This paper examines this phenomenon using an equilibrium search framework in … which becoming successful in the labour market takes time and fitness decays with age. Our framework hinges on contract … incompleteness in the marriage market and the assumption that the marginal gain to marrying someone rich is greatest for someone poor …