Abstract

This paper examines the role of marital connections in models of intertemporal household behavior. Recent work by Bernheim and Bagwell implies that such connections might vastly expand the scope of neutrality results. The present work studies several formulations including not only marriage but also descriptions of how people choose spouses. Purposeful choices lead to assortative mating. All versions of the framework tend to lead away from cross-sectional neutrality results. The analysis suggests that one may be able to derive a solution for a parthenogenetic model and then interpret it as consistent with Nash equilibrium behavior in a world with marriage.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

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.