The marriage gap: Optimal aging and death in partnerships

Johannes Schünemann, Holger Strulik and Timo Trimborn

No 04/2017, ECON WPS - Working Papers in Economic Theory and Policy from TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit

Abstract: Married people live longer than singles but how much of the longevity differential is causal and what the particular mechanisms are is not fully understood. In this paper we propose a new approach, based on counterfactual computational experiments, in order to asses how much of the marriage gap can be explained by public-goods sharing and collective bargaining of partners with different preferences and biology. For that purpose we integrate cooperative decision making of a couple into a biologically-founded life-cycle model of health deficit accumulation and endogenous longevity. We calibrate the model with U.S. data and perform the counterfactual experiment of preventing the partnership. We elaborate three economic channels and find that, as singles, men live 8.5 months shorter and women 6 months longer. We conclude that about 30% of the marriage gain in longevity of men can be motivated by economic calculus while the marriage gain for women observed in the data is attributed to selection or other (non-standard economic) motives.

Keywords: health; aging; longevity; marriage-gap; gender-specific preferences; unhealthy behavior (search for similar items in EconPapers)
JEL-codes: D91 I12 J17 J26 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-age, nep-cmp and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: The Marriage Gap: Optimal Aging and Death in Partnerships (2020)
Working Paper: The marriage gap: Optimal aging and death in partnerships (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuweco:042017

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