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Why do People Get Married? An Inframarginal Perspective

Tie-Ying Liu, Hsu-Ling Chang and Chi-Wei Su ()
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Tie-Ying Liu: Beijing Jiaotong University
Hsu-Ling Chang: Ling Tung University
Chi-Wei Su: Ocean University of China

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2017, vol. 130, issue 3, 1281-1295

Abstract: Abstract This paper constructs an economic model to study the emergence of marriage based on a new infra-marginal general equilibrium analysis. By depicting the commonness and complementarity of marriage, we explain how a single person shifts from being single to being married based on the division of labor. Meanwhile, reduced learning costs will make an individual more willing to abandon the single status, and the number of families in the marriage market will increase. The model reveals the necessary conditions for the existence of marriage and marital stability and explains the dynamic changes in the relative population and the prices of parties in the marriage market.

Keywords: Marriage; Origin; Division; Transaction cost; Infra-marginal (search for similar items in EconPapers)
JEL-codes: J12 J41 D23 D50 (search for similar items in EconPapers)
Date: 2017
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