Jacquemet, Nicolas; Robin, Jean-Marc - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2011
We propose a search-matching model of the marriage market that extends Shimer and Smith (2000) to allow for labor supply. We characterize the steady-state equilibrium when exogenous divorce is the only source of risk. The estimated matching probabilities that can be derived from the steady-state...