This chapter surveys the voluminous literature on household formation and marriage markets in developing countries. We … these factors are particularly important in poor countries, especially in a rural setting. We then focus on marriage, which … is the process by which the main building block of most households is formed. After discussing assortative matching and …

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 …