The effect of an individual's risk aversion, measured via a series of hypothetical gambles over income, on time to marriage is examined using survival analysis. A search model predicts that, the more risk averse the individual, the shorter the time to first marriage. The estimates support the...

Although artificial intelligence (AI) is commonly associated with anthropomorphic computers performing amazing feats, as in movies like The Matrix and Minority Report, AI is actually a much broader field of study whose results are not always mind-blowing. So what is AI? Basically, AI involves...

I analyze the relationship between labor intensity -- the wages to revenue ratio -- and a firm's risk and book-to-market ratio in a production model. Under plausible parameters, labor intensive firms are riskier and exhibit higher book-to-market ratios than capital intensive firms. Covariance...

Humans exhibit much more sharing of food harvested by prime-age hunter-gatherers with dependents relative to such sharing by lower-order primates. We investigate this behavior in a model in which a father provides generously to his dependent child-son in period t in the hope that this gesture...

The Current Population Survey is used to investigate effects of Common Law Marriage (CLM) on whether young US-born adults live in couples in the U.S. CLM effects are identified through cross-state and time variation, as some states abolished CLM over the period examined. Analysis based on Gary...

The Current Population Survey is used to investigate effects of Common Law Marriage (CLM) on whether young US-born adults live in couples in the US CLM effects are identified through cross-state and time variation, as some states repealed CLM over the period examined. Analysis based on Gary...

This paper proposes a simple solution to the independence of irrelevant alternatives (IIA) problem in Choo and Siow (2006) model, overcoming what is probably the main limitation of this approach. The solution consists of assuming match-specific rather than choice-specific random preferences. The...

Marriage and divorce decisions are influenced by the institutional environment they are made in. One example is the social insurance system, which acts as a substitute for within-household insurance against economic shocks. In this paper, we quantify the importance of household-level insurance...

This paper proposes a simple solution to the independence of irrelevant alternatives (IIA) problem in Choo and Siow (2006) model, overcoming what is probably the main limitation of this approach. The solution consists of assuming match-specific rather than choice-specific random preferences. The...

The elimination of gender inequality in a society helps mitigate social tension and provide the sustainability of the national financial system by using efficiently the potential of women. Gender equality is in the focus of international organizations – including the OECD, UN, World Bank, IMF,...