IDEAS home Printed from https://ideas.repec.org/p/kgu/wpaper/36.html
   My bibliography  Save this paper

Influence of Over-and Underconfidence on Marriage Market

Author

Listed:
  • Akiko Maruyama

    (Postgraduate, Kwansei Gakuin University)

Abstract

This paper is an examination of the influence of an individual’s self-confidence (over- confidence or underconfidence) on others in the marriage market. We consider a model in which there are three types of men and women according to marital charm, and some men/women overestimate/underestimate their own types. The result obtained is that the self-confidence of some single individuals affects not only themselves but also the marital behavior of other rational singles in the market. Furthermore, self-confidence improves the welfare of the economy if there are enough underconfident men/women or if there are sufficiently few overconfident men/women in the marriage market.

Suggested Citation

  • Akiko Maruyama, 2008. "Influence of Over-and Underconfidence on Marriage Market," Discussion Paper Series 36, School of Economics, Kwansei Gakuin University, revised Feb 2008.
    • Handle: RePEc:kgu:wpaper:36
    as

    Download full text from publisher

    File URL: http://192.218.163.163/RePEc/pdf/kgdp36.pdf
    File Function: First version, 2008
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Burdett, Kenneth & Coles, Melvyn G, 1999. "Long-Term Partnership Formation: Marriage and Employment," Economic Journal, Royal Economic Society, vol. 109(456), pages 307-334, June.
    2. Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-846, July-Aug..
    3. Colin F. Camerer, 1997. "Progress in Behavioral Game Theory," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 167-188, Fall.
    4. Becker, Gary S, 1974. "A Theory of Marriage: Part II," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 11-26, Part II, .
    5. Gary S. Becker, 1974. "A Theory of Marriage," NBER Chapters, in: Economics of the Family: Marriage, Children, and Human Capital, pages 299-351, National Bureau of Economic Research, Inc.
    6. Botond Köszegi, 2006. "Ego Utility, Overconfidence, and Task Choice," Journal of the European Economic Association, MIT Press, vol. 4(4), pages 673-707, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Davi B. Costa, 2021. "Benefits of marriage as a search strategy," Papers 2108.04885, arXiv.org, revised Aug 2021.
    2. Hofmann, Dirk & Qari, Salmai, 2011. "The law of attraction bilateral search and horizontal heterogeneity," SFB 649 Discussion Papers 2011-017, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    3. Blanden, Joanne, 2005. "Love and Money: Intergenerational Mobility and Marital Matching on Parental Income," Analytical Studies Branch Research Paper Series 2005272e, Statistics Canada, Analytical Studies Branch.
    4. Bjerk, David, 2009. "Beauty vs. earnings: Gender differences in earnings and priorities over spousal characteristics in a matching model," Journal of Economic Behavior & Organization, Elsevier, vol. 69(3), pages 248-259, March.
    5. Ivan Vidangos & Joseph Altonji, 2014. "Marriage Dynamics, Earnings Dynamics, and Lifetime Family Income," 2014 Meeting Papers 1230, Society for Economic Dynamics.
    6. Gutierrez, Federico H., 2019. "Will You Marry Me ... if Our Children Are Healthy? The Impact of Maternal Age and the Associated Risk of Having a Child with Health Problems on Family Structure," GLO Discussion Paper Series 354, Global Labor Organization (GLO).
    7. Kenneth Burdett & Mei Dong & Ling Sun & Randall Wright, 2016. "Marriage, Markets, And Money: A Coasian Theory Of Household Formation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(2), pages 337-368, May.
    8. Alain Delacroix, 2000. "Matching Between Heterogeneous Workers and Firms," Econometric Society World Congress 2000 Contributed Papers 1523, Econometric Society.
    9. Robert Kaestner, 1995. "The Effects of Cocaine and Marijuana Use on Marriage and Marital Stability," NBER Working Papers 5038, National Bureau of Economic Research, Inc.
    10. Kota Ogasawara & Mizuki Komura, 2022. "Consequences of war: Japan’s demographic transition and the marriage market," Journal of Population Economics, Springer;European Society for Population Economics, vol. 35(3), pages 1037-1069, July.
    11. Howard Bodenhorn & Christopher Ruebeck, 2007. "Colourism and African–american wealth: evidence from the nineteenth-century south," Journal of Population Economics, Springer;European Society for Population Economics, vol. 20(3), pages 599-620, July.
    12. Rania Gihleb & Osnat Lifshitz, 2022. "Dynamic Effects of Educational Assortative Mating on Labor Supply," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 302-327, October.
    13. Steven N. Durlauf & Ananth Seshadri, 2003. "Is assortative matching efficient?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(2), pages 475-493, March.
    14. Azuara, Oliver, 2011. "Effect of universal health coverage on marriage, cohabitation and labor force participation," MPRA Paper 35074, University Library of Munich, Germany.
    15. Eugene Choo & Shannon Seitz & Aloysius Siow, 2008. "The Collective Marriage Matching Model: Identification, Estimation and Testing," Working Papers tecipa-340, University of Toronto, Department of Economics.
    16. Lepinteur, Anthony & Flèche, Sarah & Powdthavee, Nattavudh, 2016. "My Baby Takes the Morning Train: Gender Identity, Fairness, and Relative Labor Supply Within Households," IZA Discussion Papers 10382, Institute of Labor Economics (IZA).
    17. Du, Qingyuan & Wei, Shang-Jin, 2013. "A theory of the competitive saving motive," Journal of International Economics, Elsevier, vol. 91(2), pages 275-289.
    18. Steven F. Koch, 2005. "Love and Addiction: The Importance of Commitment," Working Papers 200516, University of Pretoria, Department of Economics.
    19. Helen V. Tauchen & Ann Dryden Witte & Sharon K. Long, 1985. "Domestic Violence: A Non-random Affair," NBER Working Papers 1665, National Bureau of Economic Research, Inc.
    20. Tetyana Zubro, 2014. "Vnútropolitické Determinanty Krízovej Situácie Na Ukrajine," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 9(1), pages 73-85.

    More about this item

    Keywords

    marriage; search; overconfidence; underconfidence;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kgu:wpaper:36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Toshihiro Okada (email available below). General contact details of provider: https://edirc.repec.org/data/dekgujp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.