全球智库信息集成服务系统(G2TT): DP4874 Indeterminacy and Unemployment Fluctuations with Constant Returns to Scale in Production

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP4874
	DP4874 Indeterminacy and Unemployment Fluctuations with Constant Returns to Scale in Production
	Leonor Modesto; Teresa Lloyd-Braga; Frédéric Dufourt
发表日期	2005-01-23
出版年	2005
语种	英语
摘要	This Paper examines why developed countries are monogamous while rich men throughout history have tended to practice polygyny (multiple wives). Wealth inequality naturally produces multiple wives for rich men in a standard model of the marriage market where polygyny is not ruled out. Our model demonstrates, however, that while higher male inequality generates more polygyny, higher female inequality produces a more monogamous equilibrium. Moreover, we derive how female inequality in the marriage market is higher in equilibrium as women are valued more for their quality versus quantity of children when human capital becomes more important in determining the distribution of income. As a result, male inequality in traditional societies generates inequality in the number of wives per man, but male inequality in developed societies, where human capital is a larger source of income and inequality, manifests itself as inequality in the quality of their wives. Using data from Cote d?Ivoire, we provide supporting evidence for the main implications of the model.
主题	International Macroeconomics ; Labour Economics
关键词	Marriage Mongamy Polygyny Human capital Inequality
URL	https://cepr.org/publications/dp4874
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/533779
推荐引用方式 GB/T 7714	Leonor Modesto,Teresa Lloyd-Braga,Frédéric Dufourt. DP4874 Indeterminacy and Unemployment Fluctuations with Constant Returns to Scale in Production. 2005.