What's the Use of Marriage?
Department of Economics and Management; CESifo (Center for Economic Studies and Ifo Institute); Institute for the Study of Labor (IZA); Centre for Household, Income, Labour and Demographic Economics (CHILD)
IZA Discussion Paper No. 4635
We use elementary game-theoretical concepts to compare domestic equilibria with and without marriage. In particular, we examine the effects of marriage legislation, matrimonial property regime, and divorce court sentencing practice, on the decision to marry, and on the choice of game conditional on marriage. We find that, in the absence of social stigma or legal discrimination against unmarried couples, a couple will marry only if marriage serves as a commitment device which facilitates cooperation.
Number of Pages in PDF File: 30
Keywords: gender, cohabitation, marriage, divorce, alimony, matrimonial property, fertility, division of labour
JEL Classification: D13, J12, J13, J16, J24, K30working papers series
Date posted: December 15, 2009
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo7 in 0.281 seconds