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We develop a model of the household in which spousal incomes are determined by pre-marital investments, the marriage …-marital investment and intra-household allocations are efficient. We also show that, for each couple, the marriage market generates a … sex ratios in the marriage market …
Persistent link: https://www.econbiz.de/10014070192
, the marriage market is characterized by assortative matching, and a sharing rule forms the basis of intra … sharing rules that are consistent with the collective approach. In particular, when marriage does not generate a surplus, we … show that only one sharing rule, which is purely a function of the gender wage gap, is sustainable in the marriage market …
Persistent link: https://www.econbiz.de/10014090142
This paper explains a stylized fact about the correlation between rising wage inequality and declining marriage rates … equilibrium in which the whole marriage market is divided into distinct groups and only people in the same group will marry each … other. Using IPUMS data from 1970 to 2000, our estimates show that in past decades the U.S. marriage market experienced a …
Persistent link: https://www.econbiz.de/10014207405
We present a methodology for the structural empirical analysis of house- hold 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/10014087463
Persistent link: https://www.econbiz.de/10001672709
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 analyze equally competitive spouses competing for promotion in their respective workplaces and show that an asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare-superior to the symmetric equilibrium are highlighted. By...
Persistent link: https://www.econbiz.de/10013168051
We analyze equally competitive spouses competing for promotion in their respective workplaces and show that an asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare-superior to the symmetric equilibrium are highlighted. By...
Persistent link: https://www.econbiz.de/10013175695
In the marriage problem (two-sided one-to-one matching problem), it is well-known that the weak core, the strong core … equivalence of the G-weak core and the G-strong core. -- marriage problem ; G-weak core ; G-strong core …
Persistent link: https://www.econbiz.de/10003321312