Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301109 
Year of Publication: 
2024
Series/Report no.: 
CEBI Working Paper Series No. 14/24
Publisher: 
University of Copenhagen, Department of Economics, Center for Economic Behavior and Inequality (CEBI), Copenhagen
Abstract: 
We model the interaction between the marriage market and the intrahousehold allocation of resources. We do this within a setting that accounts for both economic gains to marriage (through public consumption) and unobserved non-material match quality, without relying on the transferable utility assumption. We adopt an axiomatic approach that leads to the empirically tractable "Additive Quantity Shifting" (AQS) model. We develop a revealed preference methodology that is able to identify individuals' heterogeneous match qualities and to quantify them in money metric terms. The methodology can include both preference factors, affecting individuals' preferences over private and public goods, and match quality factors, driving differences in unobserved match quality. We demonstrate the practical usefulness of our methodology through an application to the Belgian MEqIn data. Our results reveal intuitive patterns of match quality that allow us to rationalise both the observed matches and the within-household allocations of time and money.
Subjects: 
household consumption
marital stability
unobserved match quality
revealed preference analysis
intrahousehold allocation
JEL: 
C14
D11
C78
Document Type: 
Working Paper

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