(Monday, 23rd May 2022)
Title : Marriage, Divorce, and Intra-household Choices
The collective approach to household behavior has emphasized the importance of decision power within the household. Equilibrium in the marriage market clearly plays an important role in determining how it is allocated; in turn, matching models provide a natural and powerful tool to analyze marriage markets. In recent years these two threads have converged to generate richer predictions and empirical applications. This talk will give a summary of these developments, and discuss the role of commitment, divorce, and remarriage.