Structural Estimation of Marriage Models
AbstractA structural approach is used to examine who matches with whom. A two-sided matching model that allows for marital sorting in response to marriage market flexibility and agents' preferences is utilized. Estimation is based on imbedding the numerical solution of a matching model within a maximum likelihood procedure. Results indicate that wage is more desirable than education in predicting marriageability for white men; education is more desirable for black men. The marriage market for white men is more flexible. Both marriage market flexibility and the chance of being classified correctly using agents' wage and education decrease with age for white men.
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Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Labor Economics.
Volume (Year): 21 (2003)
Issue (Month): 3 (July)
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Web page: http://www.journals.uchicago.edu/JOLE/
Other versions of this item:
- Wong, Linda, 2001. "Structural Estimation of Marriage Models," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 A1-1, International Conferences on Panel Data.
- Linda Y. Wong, 2001. "Structural Estimation of Marriage Models," Computing in Economics and Finance 2001 222, Society for Computational Economics.
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
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