Age Matching Patterns and Search
Consider 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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- Shimer, R. & Smith, L., 1997.
"Assortative Matching and Search,"
97-2b, Massachusetts Institute of Technology (MIT), Department of Economics.
- Lones Smith, 2006. "The Marriage Model with Search Frictions," Journal of Political Economy, University of Chicago Press, vol. 114(6), pages 1124-1146, December.
- Sattinger, Michael, 1995. "Search and the Efficient Assignment of Workers to Jobs," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(2), pages 283-302, May.
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