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This paper applies the theory of relational contracts to a model in which a couple decides whether to marry or cohabit … among the decisions on marriage, fertility and divorce. …
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We demonstrate that the notion of a "family constitution" (self-enforcing, renegotiation-proof family norm) requiring adults to provide attention for elderly parents carries over from a world where sexually indifferentiated individuals reproduce by cell separation, to one where individuals...
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This paper proposes a screening approach to explain why dating is associated with purchasing status products and conspicuous gift giving. A potential bride searching for a husband may seek to screen candidates whose income is only partially observable. Taking into account that she also bears...
Persistent link: https://www.econbiz.de/10010484412
We document that, over the 20th century, age at first marriage followed a U-shaped pattern, while the gender education … model where educational and marriage decisions are endogenous. Two key assumptions are made: marriage requires a fixed cost … consistent with our empirical result that exogenous delays in marriage age caused by minimum age laws decreased the educational …
Persistent link: https://www.econbiz.de/10011450348
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marriage as well as for a precautionary savings motive. …
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