2006/01/30 by Eugene Choo, Aloysius Siow · 616 citations
Decision Sciences · Mathematics · Psychology · Social Sciences · #Biology #Demographic economics #Demography #Econometrics #Economics #Family Dynamics and Relationships #Function (biology) #Gender, Labor, and Family Dynamics #Legalization #Marriage market #Matching (statistics) #Mathematical economics #Mathematics #Microeconomics #Nonparametric statistics #Psychology #Sociology #Spillover effect #Statistics #Transferable utility #demographic modeling and climate adaptation
paper · doi:10.1086/498585
published in Journal of Political Economy 114(1), 175-201 (University of Chicago Press)
openalex publication_date 2006/01/30 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/30
This paper proposes and estimates a static transferable utility model of the marriage market. The model generates a nonparametric marriage matching function with spillover effects. It rationalizes the standard interpretation of marriage rate regressions and points out its limitations. The model was used to estimate U.S. marital behavior in 1971/72 and 1981/82. The marriage matching function estimates show that the gains to marriage for young adults fell substantially over the decade. Unlike contradictory marriage rate regression results, the marriage matching function estimates showed that the legalization of abortion had a significant quantitative impact on the fall in the gains to marriage for young men and women.