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Preference Evolution in Different Marriage Markets

Author

Listed:
  • Zhang, Hanzhe

    () (Michigan State University, Department of Economics)

  • Wu, Jiabin

    () (Department of Economics, University of Oregon)

Abstract

We examine the evolution of preferences under different arrangements of the marriage market, when preferences are influenced by own choices and parents’ preferences. Multiple stable equilibria arise under random matching, but a unique equilibrium exists under assortative matching. Differences in evolutionary trajectories after transitory and permanent shocks by marriage markets allow us to discuss in a unified way the evolution of (i) female labor force participation in developed countries, (ii) gender norms in developing countries, (iii) the capitalistic spirit in preindustrial England, and (iv) cultural norms in the long run.

Suggested Citation

  • Zhang, Hanzhe & Wu, Jiabin, 2020. "Preference Evolution in Different Marriage Markets," Working Papers 2020-1, Michigan State University, Department of Economics.
    • Handle: RePEc:ris:msuecw:2020_001
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    More about this item

    Keywords

    preference evolution; marriage market; intergenerational transmission; evolutionary games;

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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