How “Chicagoan” Are Gary Becker’S Economic Models Of Marriage?
AbstractThis paper describes Gary Beckerâs 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 taught by Marshall and Friedman and optimal sorting models based on optimal assignment models. The paper examines some of the possible intellectual influences on Beckerâs theory of marriage, compares Beckerâs research on marriage with that of some scholars interested in intra-marriage distribution, and documents that Beckerâs students at Chicago were more interested in Beckerâs Friedmanian models of marriage than in his optimal assignment models.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal Journal of the History of Economic Thought.
Volume (Year): 32 (2010)
Issue (Month): 03 (September)
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Other versions of this item:
- Shoshana Grossbard, 2009. "How "Chicagoan" are Gary Becker's Economic Models of Marriage?," CESifo Working Paper Series 2637, CESifo Group Munich.
- J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
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