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marry or cohabitate. Marriage encourages but does not ensure a higher level of spousal commitment, which in turn can … prefer to act with commitment in marriage are matched with someone who has the same preference. In such an equilibrium, the …-matching equilibria in which a partner who is willing to act with commitment in marriage is matched with someone who is not. In all such …
Persistent link: https://www.econbiz.de/10003879375
In this paper we derive an explicit model of negotiations between spouses when utility is (partially) transferable only in case of separation. We show that inefficient separation may occur in equilibrium even under consensual divorce law. This provides theoretical support for the view that...
Persistent link: https://www.econbiz.de/10011406635
We propose a search-matching model of the marriage market that extends Shimer and Smith (2000) to allow for labor … female wages. We estimate that the share of marriage surplus appropriated by the man increases with his wage and that the …
Persistent link: https://www.econbiz.de/10013119348
marry or cohabitate. Marriage encourages but does not ensure a higher level of spousal commitment, which in turn can … prefer to act with commitment in marriage are matched with someone who has the same preference. In such an equilibrium, the …-matching equilibria in which a partner who is willing to act with commitment in marriage is matched with someone who is not. In all such …
Persistent link: https://www.econbiz.de/10013157043
This paper documents relationships between age at marriage and labor-market out- come reflected by personal income as … well as relationships between age at marriage and marriage-market outcome reflected by spousal income for Americans born … from 1900s to 1970s, and motivated by these documented relationships, provides a theory based on human capital investments …
Persistent link: https://www.econbiz.de/10012938075
We present a methodology for the structural empirical analysis of household consumption and time use behaviour under marital stability. Our approach is of the revealed preference type and non-parametric, meaning that it does not require a prior functional specification of individual utilities....
Persistent link: https://www.econbiz.de/10013212987
We study the marriage problem where a probability distribution over matchings is chosen. The “core” has been central to …
Persistent link: https://www.econbiz.de/10014183378
We study the implementability of stable correspondences in marriage markets with externalities. We prove that, contrary …
Persistent link: https://www.econbiz.de/10014105711
We extend the search-matching model of the marriage market of Shimer and Smith (2000) to allow for labor supply, home … estimate how much sorting results from time use specialization or homophilic preferences. We estimate how equilibrium marriage … formation affects the wage elasticities of market and non market hours. We estimate individuals’ willingness to pay for marriage …
Persistent link: https://www.econbiz.de/10014130419
This paper proposes a general equilibrium approach to examine the marriage market and within-household transfers. Using … unidimensional marriage index then I implement a multidimensional matching model to allow for complementarities in characteristics of … find that the marriage market is more efficient for young individuals who are more selective. Finally, I compute the …
Persistent link: https://www.econbiz.de/10014140067