Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/31429 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
Claremont Colleges Working Papers No. 2002-07
Verlag: 
Claremont McKenna College, Department of Economics, Claremont, CA
Zusammenfassung: 
Why do some U.S. states have higher levels of marital formation than others? This paper introduces an economic model wherein a state's representative individual may choose to marry in order to diversity his or her idiosyncratic income risk. The paper demonstrates that such a diversification motive is enhanced for some utility functions when a state's level of undiversifiable risk becomes larger, and when a state's initial income and growth rate is lower. A test of the model's predictious, using cross - sectional data for the 50 U.S. states, suggests that there is broad support for a risk sharing motive for marriage as well as for a precautionary attitude towards risk. - Consumption Insurance ; Marriage
JEL: 
J12
D1
E21
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
361.77 kB





Publikationen in EconStor sind urheberrechtlich geschützt.