This paper hypothesizes that value of time, and consequently labor force participation, can vary with circumstances specific to a marriage or a marriage market. Wives' traits valued in the marriage market are expected to be associated with lower labor-force participation, whereas husbands'...

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...