How Marriage Markets Affect Employment, Consumption, and Savings
2015, X, 209 p. 14 illus.
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Provides the first comprehensive economic theory of marriage, spanning a wider variety of aspects of marriage including chapters on labor supply of women and the effect of marriage on productivity at work
Surveys an extensive literature on various aspects of marriage written by economists, sociologists, anthropologists and others
Presents both theoretical and empirical analysis on the topics discussed
While this book contains numerous facts and empirical findings and touches on policy issues, its main contribution to the existing literature lies in the theoretical perspective it offers. The core of this book is a general equilibrium theory of labor and marriage presented in Chapter 2, which provides the conceptual framework for the rest of the chapters. Two major implications of the theory are sex ratio effects and compensating differentials in marriage. The book demonstrates how a few core concepts, linked via economic analysis, help explain a multitude of findings based on statistical analyses of data from a wide variety of cultures. It is hoped that readers of this book will improve their understanding of how marriage works to help us design better economic and social policies as well as help people live better and happier lives, making the book of interest to not only economists but sociologists and anthropologists as well.