A Search Model of Marriage and Divorce
Abstract
This paper analyses long term partnership formation in a marriage market in which individuals continue to search for partners while matched. Individuals prefer relationships which offer more instantaneous utility but they also prefer more stable relationships. A relationship is more stable for one partner if there is less chance that the other partner will leave. An individual is more inclined to leave a relationship which offers less instantaneous utility and less stability. Since both partners are making these evaluations, the stability of the relationship for one companion depends on the stability of the relationship for the other and as such, separation rates are endogenous. It is shown that these feedback effects in search strategies generate a new type of multiple equilibria in which particular matches can be either stable or unstable depending on individuals beliefs. (Copyright: Elsevier)Download Info
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Bibliographic Info
Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.
Volume (Year): 6 (2003)
Issue (Month): 1 (January)
Pages: 135-155
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City?," Tinbergen Institute Discussion Papers 07-021/3, Tinbergen Institute.
- Nobuhiro Kiyotaki & Ricardo Lagos, 2006.
"A model of job and worker flows,"
Staff Report
358, Federal Reserve Bank of Minneapolis.
- Nobuhiro Kiyotaki & Ricardo Lagos, 2007. "A Model of Job and Worker Flows," Journal of Political Economy, University of Chicago Press, vol. 115(5), pages 770-819, October.
- Ricardo Lagos & Nobuhiro Kiyotaki, 2004. "A Model of Job and Worker Flows," 2004 Meeting Papers 36, Society for Economic Dynamics.
- Nobuhiro Kiyotaki & Ricardo Lagos, 2004. " A Model of Job and Worker Flows," CDMA Conference Paper Series 0403, Centre for Dynamic Macroeconomic Analysis.
- Mario Vozar, 2010. "The Effect of Time in a Multi-Dimensional Marriage Market Model," CERGE-EI Working Papers wp417, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
- Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007.
"Sin City?,"
CAM Working Papers
2007-01, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
- Gautier, Pieter A & Svarer, Michael & Teulings, Coen N, 2007. "Sin City?," CEPR Discussion Papers 6170, C.E.P.R. Discussion Papers.
- Gautier, Pieter & Svarer, Michael & Teulings, Coen, 2007. "Sin City?," IZA Discussion Papers 2632, Institute for the Study of Labor (IZA).
- Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City?," Economics Working Papers 2007-01, School of Economics and Management, University of Aarhus.
- Epstein, Gil S. & Lindner Pomerantz, Renana, 2012. "Assimilation through Marriage," IZA Discussion Papers 6831, Institute for the Study of Labor (IZA).
- Giolito, Eugenio P., 2004.
"A Search Model of Marriage with Differential Fecundity,"
IZA Discussion Papers
1082, Institute for the Study of Labor (IZA).
- Eugenio Giolito, 2004. "A Search Model of Marriage with Differential Fecundity," Labor and Demography 0402007, EconWPA.
- Eugenio P. Giolito, 2010. "On Population Structure and Marriage Dynamics," 2010 Meeting Papers 1178, Society for Economic Dynamics.
- Coles, Melvyn & Francesconi, Marco, 2007. "On the Emergence of Toyboys: Equilibrium Matching with Ageing and Uncertain Careers," IZA Discussion Papers 2612, Institute for the Study of Labor (IZA).
- Gil S. Epstein & Renana Lindner Pomerantz, 2012. "Assimilation through Marriage," CReAM Discussion Paper Series 1220, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London.
- Gil S. Epstein & Renana Lindner Pomerantz, 2012. "Assimilation through Marriage," Working Papers 2012-11, Department of Economics, Bar-Ilan University.
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