Structural Estimation of Marriage Models
AbstractThis 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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Bibliographic InfoPaper provided by Society for Computational Economics in its series Computing in Economics and Finance 2001 with number 222.
Date of creation: 01 Apr 2001
Date of revision:
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Web page: http://www.econometricsociety.org/conference/SCE2001/SCE2001.html
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Positive Assortative Matching; Marriage Classes; Classification Errors;
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.
- 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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