Accounting for age in marital search decisions
The average quality of spouse an individual marries varies significantly with age at marriage, peaking in the mid-twenties, then declining through the mid-forties, as does the hazard rate of marriage. Using a non-stationary sequential search model, we identify the search frictions that generate these age-dependent marriage outcomes. We find that the arrival rate of suitors is the dominant friction, responsible for 80% of hazard rate variation and 49% of spouse quality variation. Surprisingly, the distribution of suitor quality is a lower-order concern. Also, individual choice, rather than worsening frictions, is responsible for most of the decline in spouse quality.
|Date of creation:||11 Jan 2013|
|Date of revision:|
|Contact details of provider:|| Postal: P.O. Box 248126, Coral Gables, FL 33124-6550|
Phone: (305) 284-5540
Fax: (305) 284-2985
Web page: http://www.bus.miami.edu/faculty-and-research/academic-departments/economics/index.html
More information through EDIRC
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.:
- Gary S. Becker, 1974.
"A Theory of Marriage: Part II,"
in: Marriage, Family, Human Capital, and Fertility, pages 11-26
National Bureau of Economic Research, Inc.
- Per Krusell & Toshihiko Mukoyama & Richard Rogerson & Aysegul Sahin, 2009.
"Aggregate Labor Market Outcomes: The Role of Choice and Chance,"
NBER Working Papers
15252, National Bureau of Economic Research, Inc.
- Per Krusell & Toshihiko Mukoyama & Richard Rogerson & Ayşegül Şahin, 2010. "Aggregate labor market outcomes: The roles of choice and chance," Quantitative Economics, Econometric Society, vol. 1(1), pages 97-127, 07.
- Krusell, Per & Mukoyama, Toshihiko & Rogerson, Richard & Sahin, Aysegul, 2009. "Aggregate Labor Market Outcomes: The Role of Choice and Chance," CEPR Discussion Papers 7435, C.E.P.R. Discussion Papers.
- Lones Smith, 2006. "The Marriage Model with Search Frictions," Journal of Political Economy, University of Chicago Press, vol. 114(6), pages 1124-1146, December.
- Melvyn G. Coles & Marco Francesconi, 2011. "On The Emergence Of Toyboys: The Timing Of Marriage With Aging And Uncertain Careers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(3), pages 825-853, 08.
- Laurence J. Kotlikoff & Avia Spivak, 1979.
"The Family as an Incomplete Annuities Market,"
UCLA Economics Working Papers
151, UCLA Department of Economics.
- Elizabeth M. Caucutt & Nezih Guner & John Knowles, 2002. "Why Do Women Wait? Matching, Wage Inequality, and the Incentives for Fertility Delay," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(4), pages 815-855, October.
- 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..
- Javier Díaz‐Giménez & Eugenio Giolito, 2013. "Accounting For The Timing Of First Marriage," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(1), pages 135-158, 02.
- Hector Chade, .
"Two-Sided Search and Perfect Segregation with Fixed Search Costs,"
2132861, Department of Economics, W. P. Carey School of Business, Arizona State University.
- Chade, Hector, 2001. "Two-sided search and perfect segregation with fixed search costs," Mathematical Social Sciences, Elsevier, vol. 42(1), pages 31-51, July.
- 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.
When requesting a correction, please mention this item's handle: RePEc:mia:wpaper:2013-01. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher Parmeter)
If references are entirely missing, you can add them using this form.