Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/31429 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorChami, Ralphen
dc.contributor.authorHess, Gregory D.en
dc.contributor.editorClaremont Institute for Economic Policy Studiesen
dc.date.accessioned2010-05-14T11:06:21Z-
dc.date.available2010-05-14T11:06:21Z-
dc.date.issued2002-
dc.identifier.urihttp://hdl.handle.net/10419/31429-
dc.description.abstractWhy 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 ; Marriageen
dc.language.isoengen
dc.publisher|aClaremont McKenna College, Department of Economics |cClaremont, CAen
dc.relation.ispartofseries|aClaremont Colleges Working Papers |x2002-07en
dc.subject.jelJ12en
dc.subject.jelD1en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.stwRegionale Disparitäten
dc.subject.stwFamilienökonomiken
dc.subject.stwVerdienstausfallen
dc.subject.stwRisikoen
dc.subject.stwVersicherungen
dc.subject.stwTheorieen
dc.subject.stwSchätzungen
dc.subject.stwUSAen
dc.subject.stwEherechten
dc.subject.stwEheen
dc.titleFor better or for worse? State-level marital formation and risk sharing-
dc.typeWorking Paperen
dc.identifier.ppn366234595en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size
361.77 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.