This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their … love. Is love more important to a lasting marriage than economic compatibility? To answer this question, I develop a simple … model where rational individuals meet, enjoy the economic and non-pecuniary benefits of marriage (i.e., love), and then must …

We present an equilibrium model with inter-linked labour and marriage markets, and argue that search frictions play an … important role in explaining the male marriage premium. If men are viewed as bread-winners within households, this expectation … marriage market, male reservation wages linked to productivities do affect the resulting assortative matching structure, and …

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

This paper studies the effect of child care provision on family structure. We present a model of a marriage market with …

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 …

This paper bridges two distinct areas of inquiry: the economic theory of the family and behavioral research on time …-specific capital over time. At any given point in time, the gains to continued marriage depend on the accumulated stock of this capital …, sophisticated couples – but not naive ones – may choose to enter marriage on terms which make divorce more costly to obtain. Third …

suitable alternatives, the taboo was no longer expedient, and was dropped. For the same reasons, marriage has become less …