Asymmetries in utility functions and marriage decisions: a ramsey-koopmans approach

Gonzalo Edwards ()
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Gonzalo Edwards: Institute of Economics of Pontificia Universidad Católica de Chile

Revista de Analisis Economico – Economic Analysis Review, 2018, vol. 33, issue 2, 91-99

Abstract: This paper determines an empirical indicator for the cost of marrying a spouse with a different level of impatience or rate of time preference, and/or a different degree of aversion to intertemporal variability in consumption. Empirical data from different published sources are used to calibrate the model.

Keywords: Ramsey model; rate of time preference; marriage decision; value of impatience; value of risk aversion (search for similar items in EconPapers)
JEL-codes: J12 J16 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ila:anaeco:v:33:y:2018:i:2:p:91-99

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