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GARY BECKER’S CONTRIBUTION TO THE ECONOMICS OF MATCHING AND MARRIAGE

  • Pierre-André Chiappori (a1)
Extract

In his seminal, 1973 paper, published in the Journal of Political Economy, Gary Becker emphasizes marriage as a crucial, yet understudied issue to which economic analysis could, therefore should, be applied. In his words:

“Yet, one type of behavior has been almost completely ignored by economists, although scarce resources are used and it has been followed in some form by practically all adults in every recorded society. I refer to marriage.” (p. 814)

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References
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Becker, G. (1973) A theory of marriage: Part I. Journal of Political Economy 81, 813846.
Becker, G. (1974) A theory of marriage: Part II. Journal of Political Economy 82, S11S26.
Becker, G. (1991) Treatise on the Family. Cambridge, MA: Harvard University Press.
Bergstrom, T. and Cornes, R. (1983) Independence of allocative efficiency from distribution in the theory of public goods. Econometrica 51, 17531765.
Boudon, R. (1979) La Logique du Social PUF, Paris.
Browning, M., Chiappori, P. A. and Weiss, Y. (2014) Economics of the Family. Cambridge, UK: Cambridge University Press.
Chiappori, P. A. and Salanié, B. (forthcoming) The Econometrics of Matching Models. Journal of Economic Literature.
Chiappori, P.-A., McCann, R. and Nesheim, L. (2010) Hedonic price equilibria, stable matching, and optimal transport: equivalence, topology, and uniqueness. Economic Theory 42 (2), 317354
Chiappori, P. A., Iyigun, M. and Weiss, Y. (2009) Investment in schooling and the marriage market. American Economic Review 99, 16891714.
Chiappori, P. A., Oreffice, S. and Quintana-Domeque, C. (2012) Fatter attraction: Anthropometric and socioeconomic matching on the marriage market. Journal of Political Economy 120 (4), 659–95.
Ekeland, I. (2010) Existence, uniqueness and efficiency of equilibrium in hedonic markets with multidimensional types. Economic Theory 42, 275315
Galichon, A. and Salanié, B. (2012) Cupid’s invisible hand: social surplus and identification in matching models. Mimeo, Columbia University.
Goldin, C. and Katz, L. (2008) The Race between Education and Technology. Cambridge, MA: Harvard University Press.
Koopmans, T. C. and Beckmann, M. (1957) Assignment problems and the location of economic activities. Econometrica 25 (1), 5376
Lam, D. (1988) Marriage markets and assortative mating with household public goods: theoretical results and empirical implications. Journal of Human Resources 23 (4), (fall 1988), 462487.
Pollak, R. A. (2003) Gary Becker’s contributions to family and household economics. Review of Economics of the Household 1 (1), 111141.
Shapley, L. S. and Shubik, M. (1971) The assignment game I: the core. International Journal of Game Theory 1 (1), 111130.
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