The Marriage Model with Search Frictions
Bibliographic Data
| ID | 10182057 |
|---|---|
| Authors | Lones Smith (University of Michigan, corresponding author) |
| Year | 2006 |
| Volume | 114 |
| Issue | 6 |
| Pages | 1124-1144 |
| Publication date | 2006-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/510440 |
| OpenAlex | W3121707651 |
| Language | EN |
| Citations received | 17 |
| References cited | 11 |
Consider a heterogeneous agent matching model in which the payoff of each matched individual is a fixed function of both partners' types. In a 1973 article, Becker showed that assortative matching arises in a frictionless setting simply if everyone prefers higher partners. This paper shows that if finding partners requires time-consuming search and individuals are impatient, then productive interaction matters. Matching is positively assortative—higher types match with higher sets of types—when the proportionate gains from having better partners rise in one's type. With multiplicatively separable payoffs, these proportionate gains are constant in one's type, and "block segregation" arises, a common finding of the literature
Assortative mating · Biology · Block (permutation group theory · Combinatorics · Constant (computer programming · Econometrics · Economics · Evolutionary biology · Function (biology · Matching (statistics · Mathematical economics · Microeconomics · Separable space · Statistics · Stochastic game · Type (biology · Computer Science · Demographic Trends and Gender Preferences · Family Dynamics and Relationships · Gender, Labor, and Family Dynamics · Mathematics
Gender Differences in Mate Selection
Gender norm conflict and marital outcomes
Gender composition in the workplace and marriage rates
Truthtelling in Matching Markets
On the Segmentation of Markets
Asset Classes
Equilibrium Search with Multiple Attributes and the Impact of Equal Opportunities for Women
As Good as Married? A Model of Premarital Cohabitation and Learning
The effects of prospective mate quality on investments in healthy body weight among single women
Same-occupation spouses
Self-enforcing family rules, marriage and the (non)neutrality of public intervention
Affection, speed dating and heartbreaking
Same-sex marriage, the great equalizer
Employment’s Role in Enabling and Constraining Marriage in the Middle East and North Africa
Marriage and employment participation with wage bargaining in search equilibrium
Multidimensional Sorting under Random Search
The effect of coarse reasoning on a search and matching market with transferable utility
| Citations per year | 0.85 |
|---|---|
| Citation span | 2006 - 2025 (20) |
| Highly cited | No |