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In this paper we investigate the effect of relative income on marital status. We develop an identity model based on Akerlof and Kranton (2000) and apply it to the marriage decision. The empirical evidence is consistent with the idea that people are more likely to marry when their incomes...
Persistent link: https://www.econbiz.de/10011149779
In 1965, Daniel Patrick Moynihan warned that non-marital childbearing and marital dissolution were undermining the progress of African Americans. I argue that what Moynihan identified as a race-specific problem in the 1960s has now become a classbased phenomena as well. Using data from a new...
Persistent link: https://www.econbiz.de/10011149834
In this paper we investigate the effect of relative income on marital status. We develop an identity model based on Akerlof and Kranton (2000) and apply it to the marriage decision. The empirical evidence is consistent with the idea that people are more likely to marry when their incomes...
Persistent link: https://www.econbiz.de/10005000281
This paper investigates the effect of relative income on marriage. Accounting flexibly for absolute income, the ratio between a manÂ’s income and a local reference group median is a strong predictor of marital status, but only for low-income men. Relative income affects marriage even among...
Persistent link: https://www.econbiz.de/10008509101
In 1965, Daniel Patrick Moynihan warned that non-marital childbearing and marital dissolution were undermining the progress of African Americans. I argue that what Moynihan identified as a race-specific problem in the 1960s has now become a classbased phenomena as well. Using data from a new...
Persistent link: https://www.econbiz.de/10005548045
[...]The New York City Social Indicators Survey (SIS)project represents one effort to track the consequences ofpolicy reform and devolution for inequality and well-beingin the largest and most diverse city in the United States.The project uses a telephone survey to collect data from arepeated...
Persistent link: https://www.econbiz.de/10005870055
Persistent link: https://www.econbiz.de/10014317805