recognition between men and women that provides a microfoundation for the institution of marriage. In the model, men and women …. As a socially sanctioned commitment device among partners, the institution of marriage reduces this risk by restraining … societal, economic, and technological changes in their effects on marriage patterns. A combination of factors is argued to …

Economists usually assume that bargaining in marriage leads to efficient outcomes. The most convincing rationale for … environments, and that marriage provides such an environment. This paper argues that when a current decision affects future … binding commitments regarding allocation within marriage. To investigate the efficiency of bargaining within marriage when …

-sectional data for the 50 U.S. states, provides some suggestive evidence for a risk sharing motive in marriage formation and joint …

unmarried, martial status was not significant in economic improvement. Findings suggest the role of marriage in welfare reform …