Does Variance Matter? The Effect of Rising Male Inequality on Female Age at First Marriage
Female age at first marriage and male wage inequality have increased steadily since the late 1960s in the United States. This paper uses a model of female marital search to demonstrate why these two trends could be related. Elementary job search theory, under risk-neutrality, predicts search duration will increase given a mean preserving spread in the distribution of wage offers, because the expected value of continued job search increases.
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