| 来源类型 | Discussion paper
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| 规范类型 | 论文
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| 来源ID | DP6835
|
| DP6835 From individual attitudes towards migrants to migration policy outcomes: Theory and evidence |
| Anna Mayda; Giovanni Facchini
|
| 发表日期 | 2008-05-27
|
| 出版年 | 2008
|
| 语种 | 英语
|
| 摘要 | In order to credibly "sell" legitimate children to their spouse, women must forego more attractive mating opportunities. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of human capital accumulation, and the evolution of the gene pool. A key consequence of the trade-off faced by women is that marriage markets will naturally tend to be hypergamous - that is, a marriage is more likely to be beneficial to both parties relative to remaining single, the greater the man?s human capital, and the lower the woman?s human capital. As a consequence, it is shown that the equilibrium can only be of two types. In the "Victorian" type, all agents marry somebody of the same rank in the distribution of income. In the "Sex and the City" (SATC) type, women marry men who are better ranked than themselves. There is a mass of unmarried men at the bottom of the distribution of human capital, and a mass of single women at the top of that distribution. It is shown that the economy switches from a Victorian to an SATC equilibrium as inequality goes up.
The model sheds light on how marriage affects the returns to human capital for men and women. Absent marriage, these returns are larger for women than for men but the opposite may occur if marriage prevails. Finally, it is shown that the institution of marriage may or may not favour human capital accumulation depending on how genes affect one?s productivity at accumulating human capital. |
| 主题 | International Macroeconomics
; Labour Economics
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| 关键词 | Marriage markets
Human capital accumulation
Hypergamy
Overlapping generations
Legitimacy
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| URL | https://cepr.org/publications/dp6835
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535672
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推荐引用方式
GB/T 7714 |
Anna Mayda,Giovanni Facchini. DP6835 From individual attitudes towards migrants to migration policy outcomes: Theory and evidence. 2008.
|
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