Among first marriages in the United States,grooms are on average 1.7 years older than their brides. Traditionally,this fact is explained by sex differences in income. We use a general equilibrium,overlapping generations search model economy to show instead that sex differences in fecundity are essential to account for the age gap at first marriage,whereas sex differences in income play a secondary role. Our model economy also accounts for other facts on the timing of first marriages that the literature has overlooked.
Información de Publicación
Institución: Universidad Alberto HurtadoFacultad: Economía y NegociosUnidad: Economía y Negocios