Courtship as an Investing Game: Labor-Market and Marriage-Market Outcomes by Age by Marriage

46 Pages Posted: 27 Feb 2014 Last revised: 13 Oct 2018

See all articles by Hanzhe Zhang

Hanzhe Zhang

Department of Economics, Michigan State University

Multiple version iconThere are 3 versions of this paper

Date Written: October 5, 2018

Abstract

This paper documents relationships between age at marriage and labor-market out- come reflected by personal income as well as relationships between age at marriage and marriage-market outcome reflected by spousal income for Americans born from 1900s to 1970s, and motivated by these documented relationships, provides a theory based on human capital investments and differential fecundity to explain these relationships, gender differences in these relationships, as well as the changes of these relationships over time, improving the predictions by the seminal theories of Becker (1973, JPE) and Bergstrom and Bagnoli (1993, JPE).

Keywords: age at marriage, human capital investments, differential fecundity

JEL Classification: J11, C78, D1

Suggested Citation

Zhang, Hanzhe, Courtship as an Investing Game: Labor-Market and Marriage-Market Outcomes by Age by Marriage (October 5, 2018). Available at SSRN: https://ssrn.com/abstract=2401468 or http://dx.doi.org/10.2139/ssrn.2401468

Hanzhe Zhang (Contact Author)

Department of Economics, Michigan State University ( email )

486 West Circle Drive
East Lansing, MI 48824
United States

HOME PAGE: http://www.msu.edu/~hanzhe/

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