More on Marriage, Fertility and the Distribution of Income

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

No 489, RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

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 modelled by randomness in income, marriage opportunities, and marital bliss.

Keywords: Fertility; Marriage and Divorce; Nash Bargaining; Income Distribution; Public Policy (search for similar items in EconPapers)
JEL-codes: E10 J12 J13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge and nep-lab
Date: 2002-03
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Forthcoming, International Economic Review

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Journal Article: More on Marriage, Fertility, and the Distribution of Income (2003)
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