We propose a theoretical explanation for the so-called "beauty premium". Our explanation is based entirely on search frictions and the fact that physical appearance plays an important role in attracting a marriage partner. We analyse the interaction between frictional labour and marriage markets...

We propose a theoretical explanation for the so-called “beauty premium”. Our approach relies entirely on search frictions and the fact that physical appearance plays an important role in attracting a marriage partner. We analyse the interaction between frictional labour and marriage markets,...

Using an equilibrium model of inter-linked frictional labour and marriage markets, we establish the existence of male marriage premium within a given productivity group, as well as a clear ranking of premia across different groups. We find supporting evidence using Chinese data.

We present an equilibrium model with inter-linked frictional labour and marriage markets. Women's flow value of being single is treated as given, and it captures returns from employment. Single unemployed men conduct a so-called constrained sequential job search, and can choose to improve their...

We present an equilibrium model of inter-linked frictional labour and marriage markets. In the marital market, men and women are involved in random sequential search for a partner. Men are seen as breadwinners in the family, and therefore in the labour market unemployed men carry out a...