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Modeling Marital Connections among Family Lines

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Author Info
Laitner, John
Abstract

This paper examines the role of marital connections in models of intertemporal household behavior. Recent work by B. Douglas Bernheim and Kyle Bagwell (1988) implies that such connections might vastly expand the scope of neutrality results. The present work studies several formulations including not only marriage but also descriptions of how people choose spouses. Purposeful choices lead to assortative mating. All versions of the framework tend to lead away from cross-sectional neutrality results. The analysis suggests that one may be able to derive a solution for a parthenogenetic model and then interpret it as consistent with Nash equilibrium behavior in a world with marriage. Copyright 1991 by University of Chicago Press.

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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 99 (1991)
Issue (Month): 6 (December)
Pages: 1123-41
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Handle: RePEc:ucp:jpolec:v:99:y:1991:i:6:p:1123-41

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  1. Luisa Fuster, 1997. "Is Altruism Important for Understanding the Long-Run Effects of Social Security?," Economics Working Papers 234, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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  2. John Laitner & F. Thomas Juster, 1993. "New evidence on altruism: a study of TIAA-CREF retirees," Discussion Paper / Institute for Empirical Macroeconomics 86, Federal Reserve Bank of Minneapolis. [Downloadable!]
  3. John Laitner, 2001. "Wealth Accumulation in the U.S.: Do Inheritances and Bequests Play a Significant Role?," Working Papers wp019, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  4. Doepke, Matthias & Tertilt, Michèle, 2008. "Women’s Liberation: What’s in It for Men?," IZA Discussion Papers 3421, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  5. John Laitner, 2001. "Modeling the Macroeconomic Implications of Social Security Reform," Working Papers wp015, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  6. John Laitner, 2001. "Secular Changes in Wealth Inequality and Inheritance," Working Papers wp020, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
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