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Asymmetries in utility functions and marriage decisions: a ramsey-koopmans approach

Author

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  • Gonzalo Edwards

    (Institute of Economics of Pontificia Universidad Católica de Chile)

Abstract

This paper determines an empirical indicator for the cost of marrying a spouse with a different level of impatience or rate of time preference, and/or a different degree of aversion to intertemporal variability in consumption. Empirical data from different published sources are used to calibrate the model.

Suggested Citation

  • Gonzalo Edwards, 2018. "Asymmetries in utility functions and marriage decisions: a ramsey-koopmans approach," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 33(2), pages 91-99, October.
    • Handle: RePEc:ila:anaeco:v:33:y:2018:i:2:p:91-99
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    More about this item

    Keywords

    Ramsey model; rate of time preference; marriage decision; value of impatience; value of risk aversion;
    All these keywords.

    JEL classification:

    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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