Age Matching Patterns and Search
AbstractConsider a marriage market with continuous-time two-sided search and trans- ferable utility in which the match payo depends on age. This paper characterizes a set of payo functions consistent with two salient marriage age patterns: (1) assortative match- ing by age, and (2) \di erential age matching", a formalization of the age di erence at marriage between men and women. The payo function has to satisfy certain conditions on its slope and curvature in age. However, to achieve sorting it need not be supermodular (submodular) in partners' ages, unlike in search models where the match payo depends on the xed \type" of each individual.
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Bibliographic InfoPaper provided by Brown University, Department of Economics in its series Working Papers with number 2011-1.
Date of creation: 2011
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Postal: Department of Economics, Brown University, Providence, RI 02912
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