A direct test of the efficient marriage market hypothesis

Wing SUEN, Hon Kwong LUI

    Research output: Journal PublicationsJournal Article (refereed)

    14 Citations (Scopus)

    Abstract

    This paper takes Becker's efficient marriage market hypothesis at face value, and directly confronts it with data from Hong Kong. The theory of optimal assignment is used to develop an empirical model of spouse selection, which resembles a Tobit model. This model can address positive or negative assortative matching as well as marginal product pricing in marriage markets. We also use a computer algorithm to solve the assignment problem for imputed marital output. The degree to which the actual pairing of husbands and wives corresponds to the optimal pairing provides a goodness-of-fit test of the efficient marriage market hypothesis.
    Original languageEnglish
    Pages (from-to)29-46
    Number of pages18
    JournalEconomic Inquiry
    Volume37
    Issue number1
    DOIs
    Publication statusPublished - 1 Jan 1999

    Fingerprint

    Marriage market
    Tobit model
    Empirical model
    Hong Kong
    Goodness of fit test
    Product pricing
    Assortative matching
    Assignment problem
    Assignment
    Marginal product
    Spouses

    Cite this

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    abstract = "This paper takes Becker's efficient marriage market hypothesis at face value, and directly confronts it with data from Hong Kong. The theory of optimal assignment is used to develop an empirical model of spouse selection, which resembles a Tobit model. This model can address positive or negative assortative matching as well as marginal product pricing in marriage markets. We also use a computer algorithm to solve the assignment problem for imputed marital output. The degree to which the actual pairing of husbands and wives corresponds to the optimal pairing provides a goodness-of-fit test of the efficient marriage market hypothesis.",
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    A direct test of the efficient marriage market hypothesis. / SUEN, Wing; LUI, Hon Kwong.

    In: Economic Inquiry, Vol. 37, No. 1, 01.01.1999, p. 29-46.

    Research output: Journal PublicationsJournal Article (refereed)

    TY - JOUR

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    AU - SUEN, Wing

    AU - LUI, Hon Kwong

    PY - 1999/1/1

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    N2 - This paper takes Becker's efficient marriage market hypothesis at face value, and directly confronts it with data from Hong Kong. The theory of optimal assignment is used to develop an empirical model of spouse selection, which resembles a Tobit model. This model can address positive or negative assortative matching as well as marginal product pricing in marriage markets. We also use a computer algorithm to solve the assignment problem for imputed marital output. The degree to which the actual pairing of husbands and wives corresponds to the optimal pairing provides a goodness-of-fit test of the efficient marriage market hypothesis.

    AB - This paper takes Becker's efficient marriage market hypothesis at face value, and directly confronts it with data from Hong Kong. The theory of optimal assignment is used to develop an empirical model of spouse selection, which resembles a Tobit model. This model can address positive or negative assortative matching as well as marginal product pricing in marriage markets. We also use a computer algorithm to solve the assignment problem for imputed marital output. The degree to which the actual pairing of husbands and wives corresponds to the optimal pairing provides a goodness-of-fit test of the efficient marriage market hypothesis.

    UR - http://commons.ln.edu.hk/sw_master/2777

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    DO - 10.1111/j.1465-7295.1999.tb01414.x

    M3 - Journal Article (refereed)

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    JO - Economic Inquiry

    JF - Economic Inquiry

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