Book Reviews

2015 ◽  
Vol 53 (4) ◽  
pp. 1031-1033
Keyword(s):  
Labor Supply ◽  
Marriage Market ◽  
Household Production ◽  
Marriage Markets ◽  
Price Theory ◽  
Multiple Markets ◽  
Graphic Analysis ◽  
Wage Effects ◽  
Allocation Of Time ◽  
Consumption Theory

Patricia Apps of University of Sydney reviews “The Marriage Motive: A Price Theory of Marriage: How Marriage Markets Affect Employment, Consumption, and Savings”, by Shoshana Grossbard. The Econlit abstract of this book begins: “Uses price theory to analyze how economic outcomes (such as employment, other time uses, consumption, and savings) are related to marriage markets. Discusses a theory of allocation of time in markets for labor and marriage—macromodel; a theory of allocation of time in markets for labor and marriage—multiple markets for work-in-household; how marriage markets affect allocation and valuation of time implications from a macro model; compensating differentials in marriage markets and more new implications for labor supply based on a Marshallian marriage market analysis; revisiting labor supply effects of sex ratio, income, and wage—effects of marriage-related laws; labor supply, household production, and common law marriage legislation; labor supply and marriage markets—a simple graphic analysis with household public goods; household production and racial intermarriage; a consumption theory with competitive markets for work-in-household; and savings, marriage, and work-in-household. Grossbard doesn't have a current affiliation.”

scholarly journals Marriage and Marriage Markets

2017 ◽  
pp. 54-74
Author(s):  
Shoshana Grossbard
Keyword(s):  
Labor Market ◽  
Sex Ratio ◽  
Labor Supply ◽  
Empirical Evidence ◽  
Sex Ratios ◽  
Economic Models ◽  
Marriage Markets ◽  
Gary Becker ◽  
Marriage Formation ◽  
The Impact

This chapter reviews models of marriage, with special emphasis on how the sex ratio can help explain outcomes such as marriage formation, the intramarriage distribution of consumption goods, labor supply, savings, type of relationship, divorce, and intermarriage. Economic models of marriage pioneered by Gary Becker are reviewed in the first section and then extended in the next section to incorporate the labor market for the work-in-household approach of Grossbard. The following section discusses challenges in identifying exogenous variation in sex ratios and presents empirical evidence on the impact of sex ratios on labor supply, consumption, savings, and several other outcomes.

scholarly journals The Marriage Market, Labor Supply and Education Choice

2015 ◽  
Author(s):  
Pierré-Andre Chiappori ◽  
Monica Costa Dias ◽  
Costas Meghir
Keyword(s):  
Labor Supply ◽  
Marriage Market ◽  
Education Choice

Marriage and Labor Market Outcomes

2020 ◽  
Author(s):  
Terra McKinnish
Keyword(s):  
Labor Market ◽  
Labor Supply ◽  
Labor Market Outcomes ◽  
Marriage Market ◽  
Marital Stability ◽  
Market Outcomes ◽  
Outside Option ◽  
Income Effects ◽  
And Gender ◽  
Premarital Investments

Marriage and labor market outcomes are deeply related, particularly for women. A large literature finds that the labor supply decisions of married women respond to their husbands’ employment status, wages, and job characteristics. There is also evidence that the effects of spouse characteristics on labor market outcomes operate not just through standard neoclassical cross-wage and income effects but also through household bargaining and gender norm effects, in which the relative incomes of husband and wife affect the distribution of marital surplus, marital satisfaction, and marital stability. Marriage market characteristics affect marital status and spouse characteristics, as well as the outside option, and therefore bargaining power, within marriage. Marriage market characteristics can therefore affect premarital investments, which ultimately affect labor market outcomes within marriage and also affect labor supply decisions within marriage conditional on these premarital investments.

Spousal Alternatives and Marital Relations

2003 ◽  
Vol 24 (6) ◽  
pp. 787-810 ◽  
Author(s):  
Katherine Trent ◽  
Scott J. South
Keyword(s):  
Socioeconomic Status ◽  
Racial Differences ◽  
Marital Quality ◽  
Census Data ◽  
Marriage Market ◽  
Marriage Markets ◽  
Sex Composition ◽  
Subjective Measures ◽  
Marital Relations ◽  
The Impact

This analysis merges marital history data for respondents in the National Survey of Families and Households with census data describing the sex composition of their local marriage markets to examine the impact of the availability of spousal alternatives on subjective measures of marital relations. The authors find significant bivariate associations between the sex composition of the local marriage market and husbands' and wives' marital happiness, perceived likelihood of divorce, and anticipated change in happiness if divorced. However, the effects of the sex composition of the local marriage market on these measures of marital quality are not significant after adjusting for racial differences. Racial differences in these subjective measures of marital quality cannot be explained by racial differences in mate availability, socioeconomic status, and other dimensions of sociodemographic background.

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