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A non-parametric dynamic model of the marriage market

Author

Listed:
  • Eugene Choo
  • Aloysius Siow

Abstract

The objective of the paper is to develop and estimate a non-parametric dynamic model of the marriage market. Individuals are differentiated by their age and current marital status. In each period, unmarried men and women choose whether they want to marry and who to marry. Equilibrium transfers clear the marriage market in every period. Divorce hazards are exogenous. The rational expectations equilibrium of this model generates a intertemporal sequence of marriage matching functions. These marriage matching functions are non-parametric. They can fit any observed intertemporal sequence of bivariate marriage distributions. Our objective is to estimate this model with the PSID.

Suggested Citation

  • Eugene Choo & Aloysius Siow, 2004. "A non-parametric dynamic model of the marriage market," 2004 Meeting Papers 20, Society for Economic Dynamics.
    • Handle: RePEc:red:sed004:20
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    More about this item

    Keywords

    marriage market;

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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