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A Direct Test of the Efficient Marriage Market Hypothesis

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  • Suen, Wing
  • Lui, Hon-Kwong

Abstract

This paper takes Gary Becker's efficient marriage market hypothesis at face value and directly confronts it with data from Hong Kong. The theory of optimal assignment is used to develop an empirical model of spouse selection, which resembles a Tobit model. This model can address positive or negative assortative matching as well as marginal product pricing in marriage markets. The authors also use a computer algorithm to solve the assignment problem for imputed marital output. The degree to which the actual pairing of husbands and wives corresponds to the optimal pairing provides a goodness-of-fit test of the efficient marriage market hypothesis. Copyright 1999 by Oxford University Press.

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Bibliographic Info

Article provided by Western Economic Association International in its journal Economic Inquiry.

Volume (Year): 37 (1999)
Issue (Month): 1 (January)
Pages: 29-46

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Handle: RePEc:oup:ecinqu:v:37:y:1999:i:1:p:29-46

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Cited by:
  1. Paul Gabriel & Peter Groothuis, 2005. "Positive Assortative Mating and Spouses as Complementary Factors of Production: A Theory of Labor Augmentation," Working Papers 05-14, Department of Economics, Appalachian State University.
  2. Macours, Karen, 2002. "Insecurity Of Property Rights And Matching In The Tenancy Market," 2002 Annual meeting, July 28-31, Long Beach, CA 19603, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  3. Dupuy, Arnaud & Galichon, Alfred, 2012. "Canonical Correlation and Assortative Matching: A Remark," IZA Discussion Papers 6942, Institute for the Study of Labor (IZA).
  4. Lisa K. Jepsen & Christopher A. Jepsen, . "An Empirical Analysis of Same-Sex and Opposite-Sex Couples: Do "Likes" Still Like "Likes" in the '90s?," IPR working papers 99-5, Institute for Policy Resarch at Northwestern University.
  5. Anderson, Gordon & Leo, Teng Wah, 2013. "An empirical examination of matching theories: The one child policy, partner choice and matching intensity in urban China," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 468-489.
  6. DUPUY Arnaud & GALICHON Alfred, 2014. "Canonical correlation and assortative matching: A remark," CEPS/INSTEAD Working Paper Series 2014-10, CEPS/INSTEAD.
  7. Sonia Dalmia & Paul Sicilian, 2008. "Kids Cause Specialization: Evidence for Becker’s Household Division of Labor Hypothesis," International Advances in Economic Research, Springer, vol. 14(4), pages 448-459, November.
  8. Christopher A. Jepsen & Lisa K. Jepsen, 2006. "The Sexual Division of Labor Within Households: Comparisons of Couples to Roommates," Eastern Economic Journal, Eastern Economic Association, vol. 32(2), pages 299-312, Spring.
  9. Aloysius Siow, 2009. "Testing Becker's Theory of Positive Assortative Matching," Working Papers tecipa-356, University of Toronto, Department of Economics.
  10. Macours, Karen & Janvry, Alain de & Sadoulet, Elisabeth, 2010. "Insecurity of property rights and social matching in the tenancy market," European Economic Review, Elsevier, vol. 54(7), pages 880-899, October.

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