Abstract

http://ssrn.com/abstract=304220
 
 

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More on Marriage, Fertility and the Distribution of Income


Jeremy Greenwood


University of Pennsylvania - Department of Economics; National Bureau of Economic Research (NBER)

Nezih Guner


Universidad Carlos III de Madrid; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)

John Knowles


University of Pennsylvania - Department of Economics; Institute for the Study of Labor (IZA)

March 2002


Abstract:     
According to Pareto (1896), the distribution of income depends on "the nature of the people comprising a society, on the organization of the latter, and, also, in part, on chance." In the model developed here the "nature of the people" is captured by attitudes toward marriage, divorce, fertility, and children. Singles search for mates in a marriage market. Married agents bargain about work, and the quantity and quality of children. They can divorce. Social policies, such as child support requirements, reflect the "organization of the (society)." Finally, "chance" is modelled by randomness in income, marriage opportunities, and marital bliss.

Number of Pages in PDF File: 41

Keywords: Fertility, Marriage and Divorce, Nash Bargaining, Income Distribution, Public Policy

JEL Classification: E1, D1, J1

working papers series


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Date posted: April 14, 2002  

Suggested Citation

Greenwood, Jeremy and Guner, Nezih and Knowles, John, More on Marriage, Fertility and the Distribution of Income (March 2002). Available at SSRN: http://ssrn.com/abstract=304220 or http://dx.doi.org/10.2139/ssrn.304220

Contact Information

Jeremy Greenwood (Contact Author)
University of Pennsylvania - Department of Economics ( email )
3718 Locust Walk
Philadelphia, PA 19104
United States
215-898-1505 (Phone)
HOME PAGE: http://jeremygreenwood.net
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Nezih Guner
Universidad Carlos III de Madrid ( email )
CL. de Madrid 126
Madrid, Madrid 28903
Spain
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
John Knowles
University of Pennsylvania - Department of Economics ( email )
3718 Locust Walk
Philadelphia, PA 19104
United States
215-898-7701 (Phone)
215-573-2057 (Fax)
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
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