Structural Estimation of Marriage Models
28 Pages Posted: 5 Apr 2002
Date Written: January 2002
Abstract
This paper uses a structural approach to examine who matches with whom. A two-sided matching model that allows for marital sorting in response to marriage market flexibility and agents' preferences is utilized. Estimation is based on imbedding the numerical solution of a matching model within a maximum-likelihood procedure. Results using the Panel Study of Income Dynamics (PSID, 1968-1993) indicate that wage is a more desirable trait than education in predicting marriageability for white men, while education is more desirable for black men. The marriage market for white men is also more flexible. The desirability of wage and marriage market flexibility both decrease with age for white men. The effects of age for black men are mixed.
Keywords: Positive Assortative Mating, Marriage Classes, Classification Errors
JEL Classification: J1, J41, C6, C33
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
The Marriage Model with Search Frictions
By Lones Smith
-
Two-Sided Search and Perfect Segregation with Fixed Search Costs
By Hector Chade
-
By Pieter A. Gautier, Michael Svarer, ...
-
By Pieter A. Gautier and Michael Svarer
-
Assortative Matching, Reputation, and the Beatles Breakup
By Axel Anderson and Lones Smith
-
On the Emergence of Toyboys: Equilibrium Matching With Ageing and Uncertain Careers
By Melvyn G. Coles and Marco Francesconi