Abstract
This paper proposes an easy to estimate Cobb Douglas marriage matching function (MMF). Special cases include the Choo Siow (CS) MMF, CS with peer effects, CS with frictional transfers, the Dagsvik Menzel nontransferable utility MMF and Chiappori, Salanie and Weiss MMF. Given population supplies and admissible parameters, the Cobb Douglas MMF exists and is unique. This MMF is estimated on US marriage and cohabitation data by states from 1990 to 2010. CS with peer effects is not rejected. There are peer and scale effects in the US marriage markets. Positive assortative matching in marriage and cohabitation by educational attainment are relatively stable from 1990 to 2010.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.