Marriage and the value of waiting

B-Tier
Journal: Journal of Population Economics
Year: 2003
Volume: 16
Issue: 3
Pages: 423-430

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Using a simple model where singles try to maximize their “pizazz”, we examine the value of the option to give up single life in favor of marriage when singles’ pizazz levels follow correlated geometric Brownian motions. We derive the critical level of relative pizazz levels that triggers the move to marriage and find that for relatively small (large) potential economies of scale in marriage, a single will generally be willing to get married if his/her prospective partner’s pizazz is strictly higher (lower) than his/her own. Copyright Springer-Verlag 2003

Technical Details

RePEc Handle
repec:spr:jopoec:v:16:y:2003:i:3:p:423-430
Journal Field
Growth
Author Count
1
Added to Database
2026-01-29