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Published March 2019 | Submitted
Journal Article Open

On the empirical content of the Beckerian marriage model

Abstract

This note studies the empirical content of a simple marriage matching model with transferable utility, based on Becker (J Polit Econ 81:813–846, 1973). Under Becker's conditions, the equilibrium matching is unique and assortative. However, this note shows that when the researcher only observes a subset of relevant characteristics, the unique assortative matching does not uniquely determine a distribution of observed characteristics. This precludes standard approaches to point estimation of the underlying model parameters. We propose a solution to this problem, based on the idea of "random matching."

Additional Information

© 2018 Springer-Verlag GmbH Germany, part of Springer Nature. Received: 30 April 2017; Accepted: 22 February 2018; Published online: 7 March 2018. We thank Alejandro Robinson-Cortes for research assistance.

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August 22, 2023
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