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Structural Estimation of Marriage Models

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Author Info
Wong, Linda () (Department of Economics, Binghamton University)

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Abstract

This paper uses a structural approach 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 using the Panel Study of Income Dynamics (PSID, 1968-1993) indicate that wage is a more desirable trait than education in predicting marriageability for white men, while education is more desirable for black men. The marriage market for white men is also more flexible. The desirability of wage and marriage market flexibility both decrease with age for white men. The effects of age for black men are mixed.

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Publisher Info
Paper provided by International Conferences on Panel Data in its series 10th International Conference on Panel Data, Berlin, July 5-6, 2002 with number A1-1.

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Date of creation: Nov 2001
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Handle: RePEc:cpd:pd2002:a1-1

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Related research
Keywords: Positive Assortative Mating; Marriage Classes; Classification Errors;

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Find related papers by JEL classification:
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques
J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Burdett, Kenneth & Coles, Melvyn G, 1999. "Long-Term Partnership Formation: Marriage and Employment," Economic Journal, Royal Economic Society, vol. 109(456), pages F307-34, June. [Downloadable!] (restricted)
  2. Boulier, Bryan L & Rosenzweig, Mark R, 1984. "Schooling, Search, and Spouse Selection: Testing Economic Theories of Marriage and Household Behavior," Journal of Political Economy, University of Chicago Press, vol. 92(4), pages 712-32, August. [Downloadable!] (restricted)
  3. Ted Bergstrom & Robert F. Schoeni, 1996. "Income prospects and age-at-marriage," Journal of Population Economics, Springer, vol. 9(2), pages 115-130.
  4. Bergstrom, T & Schoeni, R-F, 1996. "Income Prospects and Age-at-Marriage," Papers 96-18, RAND - Reprint Series.
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  5. Lones Smith, 2006. "The Marriage Model with Search Frictions," Journal of Political Economy, University of Chicago Press, vol. 114(6), pages 1124-1146, December. [Downloadable!] (restricted)
  6. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-58, December. [Downloadable!] (restricted)
  7. Montgomery, Mark R. & Sulak, Donna B., 1989. "Female first marriage in East and Southeast Asia : A Kiefer-Neumann model," Journal of Development Economics, Elsevier, vol. 30(2), pages 225-240, April. [Downloadable!] (restricted)
  8. Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-46, July-Aug.. [Downloadable!] (restricted)
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  9. H. Bunzel & B. J. Christensen & P. Jensen & N. M. Kiefer & L. Korsholm & L. Muus & G. R. Neumann & M. Rosholm, 2001. "Specification and Estimation of Equilibrium Search Models," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 90-126, January. [Downloadable!] (restricted)
  10. Burdett, Ken & Coles, Melvyn G, 1997. "Marriage and Class," The Quarterly Journal of Economics, MIT Press, vol. 112(1), pages 141-68, February.
  11. Ondrich, Jan I, 1985. "The Initial Conditions Problem in Work History Data," The Review of Economics and Statistics, MIT Press, vol. 67(3), pages 441-21, August.
  12. Bontemps, Christian & Robin, Jean-Marc & Van den Berg, Gerard J, 1999. "An Empirical Equilibrium Job Search Model with Search on the Job and Heterogeneous Workers and Firms," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 1039-74, November.
  13. Pencavel, John, 1998. "Assortative Mating by Schooling and the Work Behavior of Wives and Husbands," American Economic Review, American Economic Association, vol. 88(2), pages 326-29, May. [Downloadable!] (restricted)
  14. Duncan, Greg J & Hill, Daniel H, 1989. "Assessing the Quality of Household Panel Data: The Case of the Panel Study of Income Dynamics," Journal of Business & Economic Statistics, American Statistical Association, vol. 7(4), pages 441-52, October.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Gautier, Pieter A & Svarer, Michael & Teulings, Coen N, 2005. "Marriage and the City," CEPR Discussion Papers 4939, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  2. repec:ese:iserwp: is not listed on IDEAS
  3. Michèle Belot & Marco Francesconi, 2006. "Can Anyone Be “The” One? Evidence on Mate Selection from Speed Dating," IZA Discussion Papers 2377, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  4. Fisman, Raymond & Iyengar, Sheena & Kamenica, Emir & Simonson, Itamar, 2004. "Racial Preferences in Mate Selection: Evidence from a Speed Dating Experiment," Research Papers 1871, Stanford University, Graduate School of Business. [Downloadable!]
  5. Jiawei Chen, 2006. "Two-Sided Matching and Spread Determinants in the Loan Market," Working Papers 060702, University of California-Irvine, Department of Economics. [Downloadable!]
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