A search model of marriage with differential fecundity

Type Working Paper
Title A search model of marriage with differential fecundity
Author(s)
Publication (Day/Month/Year) 2004
URL https://www.econstor.eu/bitstream/10419/20317/1/dp1082.pdf
Abstract
It is commonly observed that over time and across societies, women tend to marry older
men. The traditional explanation for this phenomenon is that wages increase with age and
hence older men are more attractive in the marriage market. This explanation, however,
involves an implicit assumption about female specialization in home production - an
assumption that does not completely hold, especially in modern times.
This paper shows that a marriage market equilibrium where women marry earlier in life than
men can be achieved without making any assumptions about the wage process or gender
roles. The only driving force in this model is the asymmetry in fecundity horizons between
men and women. When the model is calibrated with Census Data, the average age at first
marriage and the pattern of the sex ratio of single men to single women over different age
groups mimics the patterns observed in developed countries during the last decade (e.g.
France, the U.S. and Sweden).

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