marriage as well as for a precautionary attitude towards risk. - Consumption Insurance ; Marriage …

means and volatilities of partners' incomes are also derived from the theory and tested. -- Consumption Insurance ; Marriage …This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their … married hedges are the ones most likely to be caught short with too little love in order to save a marriage in the event of an …

I develop an equilibrium, two-sided search model of marriage with endogenous population growth to study the interaction … between fertility, the age structure of the population and the age at first marriage of men and women. Within a simple two …-period overlapping generation model I show that, given an increase of the desired number of children, age at marriage is affected through …

This paper presents an inter-temporal model of individual behavior with uncertainty about marriage and divorce and … higher marriage rates and higher divorce rates will be associated with higher savings rates in the presence of economies of … which accommodates the possible presence of economies or diseconomies of scale from marriage. We show that a scenario of …

We propose a search-matching model of the marriage market that extends Shimer and Smith (2000) to allow for labor … supply. We characterize the steady-state equilibrium when exogenous divorce is the only source of risk. The estimated … female wages. We estimate that the share of marriage surplus appropriated by the man increases with his wage and that the …

arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we … demonstrate that our marrying individual uses a reservation utility to determine which marriage proposal to accept. Third, we … marriage market in which there are many identical marrying individuals and profit maximizing matchmaking firms. We show that …

arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we … demonstrate that our marrying individual uses a reservation utility to determine which marriage proposal to accept. Third, we … marriage market in which there are many identical marrying individuals and profit maximizing matchmaking firms. We show that …

experience delayed marriage, higher divorce, and lower earnings. Results corroborate the theory's implication that marriage and …I present a theory of couples' job search whereby women sort into lower-paying geographically-dispersed occupations due … earnings and marriage penalties …

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 …

possible intellectual influences on Becker's theory of marriage, compares Becker's research on marriage with that of some …This paper describes Gary Becker's theoretical models of marriage. At the micro-level, these are all rational choice … models. At the market level, Becker offers two major types of models: partial equilibrium models based on Price Theory as …