More on Marriage, Fertility, and the Distribution of Income

Jeremy Greenwood (), Nezih Guner () and John A. Knowles
Authors registered in the RePEc Author Service: John Knowles () and John A. Knowles

International Economic Review, 2003, vol. 44, issue 3, pages 827-862

Abstract: According to Pareto (1896), the distribution of income depends on "the nature of the people comprising a society, on the organization of the latter, and, also, in part, on chance." In the model developed here the "nature of the people" is captured by attitudes toward marriage, divorce, fertility, and children. Singles search for mates in a marriage market. Married agents bargain about work, and the quantity and quality of children. They can divorce. Social policies, such as child support requirements, reflect the "organization of the (society)." Finally, "chance" is modeled by randomness in income, marriage opportunities, and marital bliss. Copyright 2003 By The Economics Department Of The University Of Pennsylvania And Osaka University Institute Of Social And Economic Research Association.

Date: 2003
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Related works:
Working Paper: More on marriage, fertility, and the distribution of income (1999)
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