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A Search Model of Marriage and Divorce

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Author Info
Tracy J. Cornelius (University of Wales, Swansea)
Abstract

This paper analyses long term partnership formation in a marriage market in which individuals continue to search for partners while matched. Individuals prefer relationships which offer more instantaneous utility but they also prefer more stable relationships. A relationship is more stable for one partner if there is less chance that the other partner will leave. An individual is more inclined to leave a relationship which offers less instantaneous utility and less stability. Since both partners are making these evaluations, the stability of the relationship for one companion depends on the stability of the relationship for the other and as such, separation rates are endogenous. It is shown that these feedback effects in search strategies generate a new type of multiple equilibria in which particular matches can be either stable or unstable depending on individuals beliefs. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1016/S1094-2025(02)00012-1
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 6 (2003)
Issue (Month): 1 (January)
Pages: 135-155
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Handle: RePEc:red:issued:v:6:y:2003:i:1:p:135-155

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Burdett, Kenneth & Coles, Melvyn G, 1999. "Long-Term Partnership Formation: Marriage and Employment," Economic Journal, Royal Economic Society, vol. 109(456), pages F307-34, June. [Downloadable!] (restricted)
  2. Peter A. Diamond & Eric Maskin, 1979. "An Equilibrium Analysis of Search and Breach of Contract, I: Steady States," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 282-316, Spring. [Downloadable!] (restricted)
  3. Robert Shimer & Lones Smith, 2000. "Assortative Matching and Search," Econometrica, Econometric Society, vol. 68(2), pages 343-370, March.
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  4. Diamond, Peter A, 1982. "Aggregate Demand Management in Search Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 90(5), pages 881-94, October. [Downloadable!] (restricted)
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  5. Lones Smith, 2006. "The Marriage Model with Search Frictions," Journal of Political Economy, University of Chicago Press, vol. 114(6), pages 1124-1146, December. [Downloadable!] (restricted)
  6. Eeckhout, Jan, 1999. "Bilateral Search and Vertical Heterogeneity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 869-87, November.
  7. Wright, Randall, 1986. "Job Search and Cyclical Unemployment," Journal of Political Economy, University of Chicago Press, vol. 94(1), pages 38-55, February. [Downloadable!] (restricted)
  8. Jovanovic, Boyan, 1979. "Job Matching and the Theory of Turnover," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 972-90, October. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City?," Tinbergen Institute Discussion Papers 07-021/3, Tinbergen Institute. [Downloadable!]
    Other versions:
    • Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City," IZA Discussion Papers 2632, Institute for the Study of Labor (IZA). [Downloadable!]
    • Gautier, Pieter A & Svarer, Michael & Teulings, Coen N, 2007. "Sin City?," CEPR Discussion Papers 6170, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    • Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City?," CAM Working Papers 2007-01, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics. [Downloadable!]
    • Pieter A. Gautier & Michael Svarer & Coen N. Teulings, 2007. "Sin City?," Economics Working Papers 2007-01, School of Economics and Management, University of Aarhus. [Downloadable!]
  2. Nobuhiro Kiyotaki & Ricardo Lagos, 2006. "A model of job and worker flows," Staff Report 358, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  3. Giolito, Eugenio P., 2004. "A Search Model of Marriage with Differential Fecundity," IZA Discussion Papers 1082, Institute for the Study of Labor (IZA). [Downloadable!]
  4. Melvyn G. Coles & Marco Francesconi, 2007. "On the Emergence of Toyboys: Equilibrium Matching with Ageing and Uncertain Careers," IZA Discussion Papers 2612, Institute for the Study of Labor (IZA). [Downloadable!]
  5. Eugenio Giolito, 2004. "A Search Model of Marriage with Differential Fecundity," Labor and Demography 0402007, EconWPA. [Downloadable!]
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