Are there Increasing Returns in Marriage Markets?
The returns to scale of marriage markets have important behavioral and welfare consequences. It is quantitatively difficult to estimate the returns to scale because, due to endogenous migration, the marriage market size is endogenous. This paper addresses the endogeneity in two ways. First, it estimates the degree of returns to scale in U.S. marriage markets using the 2000 census. Given that in the United States people move to cities to find marriage partners and, therefore, the size of the marriage market is endogenous, we instrument the current size of a cohort in the marriage market with the size of that cohort twenty years earlier. Second, it estimates city scale effects in two societies---early Renaissance Tuscany and pre-reform China---where there was little internal mobility, and thus, the size of the marriage market can be considered exogenous. The main finding is that in all three societies, there is no evidence of increasing returns to scale in marriage markets, whereas the hypothesis of constant returns to scale cannot be rejected. This is true when looking at marriage odds ratios, total gains to marriage, and the quality of marital match. Given the different characteristics of the three societies in terms of population size, time period, economic structure, and social norms characterizing the marriage market, the similarity and precision of the estimates for returns to scale parameters is remarkable.
|Date of creation:||08 Sep 2008|
|Date of revision:|
|Contact details of provider:|| Postal: 150 St. George Street, Toronto, Ontario|
Phone: (416) 978-5283
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.:
- Gould, Eric D & Paserman, M. Daniele, 2002.
"Waiting for Mr Right: Rising Inequality and Declining Marriage Rates,"
CEPR Discussion Papers
3388, C.E.P.R. Discussion Papers.
- Gould, Eric D. & Paserman, M. Daniele, 2003. "Waiting for Mr. Right: rising inequality and declining marriage rates," Journal of Urban Economics, Elsevier, vol. 53(2), pages 257-281, March.
- Gautier, Pieter A & Svarer, Michael & Teulings, Coen N, 2005.
"Marriage and the City,"
CEPR Discussion Papers
4939, C.E.P.R. Discussion Papers.
- Pieter Gautier & Michael Svarer & Coen Teulings, 2005. "Marriage and the City," CAM Working Papers 2005-01, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
- Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2005. "Marriage and the City," Tinbergen Institute Discussion Papers 05-015/3, Tinbergen Institute.
- Pieter A. Gautier & Michael Svarer & Coenraad N. Teulings, 2005. "Marriage and the City," CESifo Working Paper Series 1422, CESifo Group Munich.
- Gautier, Pieter A. & Svarer, Michael & Teulings, Coen, 2005. "Marriage and the City," IZA Discussion Papers 1491, Institute for the Study of Labor (IZA).
- Dora L. Costa & Matthew E. Kahn, 1999.
"Power Couples: Changes in the Locational Choice of the College Educated, 1940-1990,"
NBER Working Papers
7109, National Bureau of Economic Research, Inc.
- Dora L. Costa & Matthew E. Kahn, 2000. "Power Couples: Changes in the Locational Choice of the College Educated, 1940–1990," The Quarterly Journal of Economics, Oxford University Press, vol. 115(4), pages 1287-1315.
- Maristella Botticini & Aloysius Siow, 1999.
Boston University - Institute for Economic Development
95, Boston University, Institute for Economic Development.
- Maristella Botticini & Aloysius Siow, 2000. "Why Dowries?," Econometric Society World Congress 2000 Contributed Papers 0200, Econometric Society.
- Janice Compton & Robert A. Pollak, 2004.
"Why Are Power Couples Increasingly Concentrated in Large Metropolitan Areas,"
NBER Working Papers
10918, National Bureau of Economic Research, Inc.
- Janice Compton & Robert A. Pollak, 2007. "Why Are Power Couples Increasingly Concentrated in Large Metropolitan Areas?," Journal of Labor Economics, University of Chicago Press, vol. 25, pages 475-512.
- Eugene Choo & Aloysius Siow, 2006. "Who Marries Whom and Why," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 175-201, February.
- Lena Edlund, 2005. "Sex and the City," Scandinavian Journal of Economics, Wiley Blackwell, vol. 107(1), pages 25-44, 03.
When requesting a correction, please mention this item's handle: RePEc:tor:tecipa:tecipa-333. 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: (RePEc Maintainer)
If references are entirely missing, you can add them using this form.