More on marriage, fertility and the distribution of income
More on marriage, fertility and the distribution of income
According to Pareto (1896), the distribution of income depends on “the nature of the people comprising a society, on the organization of the latter, and, also, in part, on chance.” In the model developed here the “nature of the people” is captured by attitudes toward marriage, divorce, fertility, and children. Singles search for mates in a marriage market. Married agents bargain about work, and the quantity and quality of children. They can divorce. Social policies, such as child support requirements, reflect the “organization of the (society).” Finally, “chance” is modeled by randomness in income, marriage opportunities, and marital bliss.
827-862
Greenwood, J.
a40782c8-0b49-4916-98a3-376b88bd05b0
Guner, N.
144a0b2e-107a-4c31-8ff5-442e2193ad8f
Knowles, J.A.
6d7c56a2-1efa-4b74-afc6-ab5da75d144d
2003
Greenwood, J.
a40782c8-0b49-4916-98a3-376b88bd05b0
Guner, N.
144a0b2e-107a-4c31-8ff5-442e2193ad8f
Knowles, J.A.
6d7c56a2-1efa-4b74-afc6-ab5da75d144d
Greenwood, J., Guner, N. and Knowles, J.A.
(2003)
More on marriage, fertility and the distribution of income.
International Economic Review, 44 (3), .
(doi:10.1111/1468-2354.t01-1-00091).
Abstract
According to Pareto (1896), the distribution of income depends on “the nature of the people comprising a society, on the organization of the latter, and, also, in part, on chance.” In the model developed here the “nature of the people” is captured by attitudes toward marriage, divorce, fertility, and children. Singles search for mates in a marriage market. Married agents bargain about work, and the quantity and quality of children. They can divorce. Social policies, such as child support requirements, reflect the “organization of the (society).” Finally, “chance” is modeled by randomness in income, marriage opportunities, and marital bliss.
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Published date: 2003
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Local EPrints ID: 55063
URI: http://eprints.soton.ac.uk/id/eprint/55063
ISSN: 0020-6598
PURE UUID: 9dc5c57d-5566-4a0c-a6e8-644aa531b492
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Date deposited: 31 Jul 2008
Last modified: 15 Mar 2024 10:52
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Author:
J. Greenwood
Author:
N. Guner
Author:
J.A. Knowles
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