Courtship as an Investing Game: Labor-Market and Marriage-Market Outcomes by Age at Marriage
46 Pages Posted: 27 Feb 2014 Last revised: 30 Aug 2017
Date Written: August 23, 2017
This paper documents relationships between age at marriage and labor-market outcome 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, differential fecundity, human capital investments
JEL Classification: J11, C78, D1
Suggested Citation: Suggested Citation