The Economics of Consanguineous Marriages
AbstractThis paper provides an economic rationale for the practice of consanguineous marriages observed in parts of the developing world. In a model of incomplete marriage markets, dowries are viewed as ex ante transfers made from the bride's family to the groom's family when the promise of ex post gifts and bequests is not credible. Consanguineous unions join families between whom ex ante pledges are enforceable ex post. The model predicts a negative relationship between consanguinity and dowries and higher bequests in consanguineous unions. An empirical analysis based on data from Bangladesh delivers results consistent with the model. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics and Statistics.
Volume (Year): 95 (2013)
Issue (Month): 3 (July)
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Web page: http://mitpress.mit.edu/journals/
Other versions of this item:
- J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
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