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
Date Written: October 5, 2018
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: Suggested Citation