A non-parametric dynamic model of the marriage market
Eugene Choo () and
Aloysius Siow
No 20, 2004 Meeting Papers from Society for Economic Dynamics
Abstract:
The objective of the paper is to develop and estimate a non-parametric dynamic model of the marriage market. Individuals are differentiated by their age and current marital status. In each period, unmarried men and women choose whether they want to marry and who to marry. Equilibrium transfers clear the marriage market in every period. Divorce hazards are exogenous. The rational expectations equilibrium of this model generates a intertemporal sequence of marriage matching functions. These marriage matching functions are non-parametric. They can fit any observed intertemporal sequence of bivariate marriage distributions. Our objective is to estimate this model with the PSID.
Keywords: marriage; market (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed004:20
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More papers in 2004 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
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