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Age-Dependent Payoffs and Assortative Matching by Age in a Market with Search

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  • Anja Sautmann

Abstract

This paper considers a matching market with two-sided search and transferable utility where match payoffs depend on age at marriage (time until match) and search is finite. We define and prove existence of equilibrium, and provide sufficient conditions for positive assortative matching that build on restricting the slope and curvature of the marriage payoff function to generate single-peaked preferences in age and therefore convex matching sets. Payoff functions that are incompatible with positive sorting by age include all strictly increasing functions and constant flow payoffs enjoyed for some finite period.

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  • Anja Sautmann, 2017. "Age-Dependent Payoffs and Assortative Matching by Age in a Market with Search," American Economic Journal: Microeconomics, American Economic Association, vol. 9(2), pages 263-294, May.
    • Handle: RePEc:aea:aejmic:v:9:y:2017:i:2:p:263-94
    Note: DOI: 10.1257/mic.20150237
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    References listed on IDEAS

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    9. Pierre-André Chiappori & Sonia Oreffice & Climent Quintana-Domeque, 2012. "Fatter Attraction: Anthropometric and Socioeconomic Matching on the Marriage Market," Journal of Political Economy, University of Chicago Press, vol. 120(4), pages 659-695.
    10. Ran Abramitzky & Adeline Delavande & Luis Vasconcelos, 2011. "Marrying Up: The Role of Sex Ratio in Assortative Matching," American Economic Journal: Applied Economics, American Economic Association, vol. 3(3), pages 124-157, July.
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    13. Melvyn G. Coles & Marco Francesconi, 2011. "On The Emergence Of Toyboys: The Timing Of Marriage With Aging And Uncertain Careers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(3), pages 825-853, August.
    14. Peter Todd & Francesco Billari & Jorge Simão, 2005. "Aggregate age-at-marriage patterns from individual mate-search heuristics," Demography, Springer;Population Association of America (PAA), vol. 42(3), pages 559-574, August.
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    Cited by:

    1. Adams-Prassl, Abigail & Andrew, Alison, 2019. "Preferences and Beliefs in the Marriage Market for Young Brides," CEPR Discussion Papers 13567, C.E.P.R. Discussion Papers.
    2. Abi Adams & Alison Andrew, 2019. "Preferences and beliefs in the marriage market for young brides," IFS Working Papers W19/05, Institute for Fiscal Studies.
    3. Wahhaj, Zaki, 2018. "An economic model of early marriage," Journal of Economic Behavior & Organization, Elsevier, vol. 152(C), pages 147-176.
    4. Alison Andrew & Abi Adams-Prassl, 2022. "Revealed beliefs and the marriage market return to education," IFS Working Papers W22/48, Institute for Fiscal Studies.

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    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure

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