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The Effect of Time in a Multi-Dimensional Marriage Market Model

  • Mario Vozar

In the paper, I develop a theoretical model of a marriage market that accounts for the effect of aging on agents’ wealth and physical attractiveness. Furthermore, I use the model to analyze how the structure and more importantly the stability of the marriage market is affected by the increased female income prospects. First, I find that the changes in agents’ characteristics can result in an incentive to re-match and thus provide yet another explanation of the phenomenon of divorce. Second, comparative statics show that an increase in female income prospects increases the divorce rate, which suggests that the stabilization effect of being more attractive for a current partner is dominated by the effect of increased female marriage market opportunities.

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File URL: http://www.cerge-ei.cz/pdf/wp/Wp417.pdf
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Paper provided by The Center for Economic Research and Graduate Education - Economics Institute, Prague in its series CERGE-EI Working Papers with number wp417.

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Date of creation: Sep 2010
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Handle: RePEc:cer:papers:wp417
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  1. Becker, Gary S, 1974. "A Theory of Marriage: Part II," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages S11-S26, Part II, .
  2. Mark Bagnoli & Ted Bergstrom, . "Courtship as a Waiting Game," Papers _030, University of Michigan, Department of Economics.
  3. Shimer, R. & Smith, L., 1998. "Assortive Matching and Search," Papers 98-09, Michigan - Center for Research on Economic & Social Theory.
  4. Burdett, Ken & Coles, Melvyn G, 1997. "Marriage and Class," The Quarterly Journal of Economics, MIT Press, vol. 112(1), pages 141-68, February.
  5. Clark Simon, 2006. "The Uniqueness of Stable Matchings," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-28, December.
  6. Tracy J. Cornelius, 2003. "A Search Model of Marriage and Divorce," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(1), pages 135-155, January.
  7. Gunter J. Hitsch & Ali Horta�su & Dan Ariely, 2010. "Matching and Sorting in Online Dating," American Economic Review, American Economic Association, vol. 100(1), pages 130-63, March.
  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..
  9. Lones Smith, 2006. "The Marriage Model with Search Frictions," Journal of Political Economy, University of Chicago Press, vol. 114(6), pages 1124-1146, December.
  10. Dale Bremmer & Randy Kesselring, 2004. "Divorce and female labor force participation: Evidence from times-series data and cointegration," Atlantic Economic Journal, International Atlantic Economic Society, vol. 32(3), pages 175-190, September.
  11. Adachi, Hiroyuki, 2003. "A search model of two-sided matching under nontransferable utility," Journal of Economic Theory, Elsevier, vol. 113(2), pages 182-198, December.
  12. Adrian Masters, 2008. "Marriage, Commitment and Divorce in a Matching Model with Differential Aging," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(3), pages 614-628, July.
  13. Bjerk, David, 2009. "Beauty vs. earnings: Gender differences in earnings and priorities over spousal characteristics in a matching model," Journal of Economic Behavior & Organization, Elsevier, vol. 69(3), pages 248-259, March.
  14. Eeckhout, Jan, 2000. "On the uniqueness of stable marriage matchings," Economics Letters, Elsevier, vol. 69(1), pages 1-8, October.
  15. Imran Rasul, 2006. "Marriage Markets and Divorce Laws," Journal of Law, Economics and Organization, Oxford University Press, vol. 22(1), pages 30-69, April.
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