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Positive assortative matching refers to the tendency of individuals with similar characteristics to form partnerships. Measuring the extent to which assortative matching differs between two economies is challenging when the marginal distributions of the characteristic along which sorting takes...
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We examine preference evolution under different marriage market arrangements, when preferences are influenced by own choices and parents' preferences. The dynamical system exhibits pitchfork bifurcation as the degree of sorting varies: Multiple stable equilibria arise under sufficiently random...
Persistent link: https://www.econbiz.de/10012849023