with our behavioral assumption, and we argue that this avoids a simultaneity bias in a natural way. Our empirical …

This paper introduces a bivariate version of the generalized accelerated failure time model. It allows for simultaneity … the two states. We introduce simultaneity by allowing the utility flow to depend on the status of the other person. The … nonnegligible fraction of couples. The main empirical finding is that the simultaneity is economically important. In our preferred …

with our behavioral assumption, and we argue that this avoids a simultaneity bias in a natural way. Our empirical …