Sahib, Padma Rao; Gu, Xinhua - In: Demographic Research 6 (2002) 13, pp. 355-382
This paper introduces imperfect information, learning, and risk aversion in a two sided matching model. The model … individuals for the higher risk involved in marriage over a cohabiting partnership is derived. This premium can be decomposed into … two parts. The first part is a function of the individual's level of risk aversion, while the second part is a function of …