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This paper develops a new equilibrium model of two-sided search where agents have multiple attributes and general payoff functions. The model can be applied to several substantive issues. Here we use it to provide a novel understanding of the separate effects of equal opportunities for women in...
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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 …
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Does availability of common law marriage (CLM henceforth) in the U.S help explain variation in the labor force … legal protection to household producers at the margin between single status and marriage, we expect it to discourage labor …
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A woman assessing the wealth of a potential husband may observe some, but not all, of his wealth. She may screen, leading to status consumption and wasteful gift giving. The screening activity is costly not only for the potential husband, but also for the woman, as it reduces the wealth of the...
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