The efficient marriage market hypothesis : a direct test

Hon-Kwong LUI, Wing SUEN

    Research output: Working paperDiscussion paper seriesResearch

    Abstract

    This paper takes Becker's efficient marriage market hypothesis at face value and directly confront it with data from Hong Kong. The theory of optimal assignment provides a framework that allows us to develop an empirical model of spouse selection which resembles a Tobit model. This model will recover some of the parameters of the production function for marital output and can be used to address issues relating to positive or negative assortative matching as well as marginal product pricing in marriage markets. We also use a computer algorithm to solve the optimal assignment problem for the imputed marital outputs. The degree to which the actual pairing of husbands and corresponds to the optimal pairing provides a goodness-of-fit test of the efficient marriage market hypothesis.

    Original languageEnglish
    Place of PublicationHong Kong
    PublisherUniversity of Hong Kong
    Number of pages22
    Publication statusPublished - 1995

    Publication series

    NameSchool of Economics and Finance Discussion Paper
    PublisherThe University of Hong Kong
    No.166

    Fingerprint

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

    Cite this

    LUI, H-K., & SUEN, W. (1995). The efficient marriage market hypothesis : a direct test. (School of Economics and Finance Discussion Paper; No. 166). Hong Kong: University of Hong Kong.
    LUI, Hon-Kwong ; SUEN, Wing. / The efficient marriage market hypothesis : a direct test. Hong Kong : University of Hong Kong, 1995. (School of Economics and Finance Discussion Paper; 166).
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    LUI, H-K & SUEN, W 1995 'The efficient marriage market hypothesis : a direct test' School of Economics and Finance Discussion Paper, no. 166, University of Hong Kong, Hong Kong.

    The efficient marriage market hypothesis : a direct test. / LUI, Hon-Kwong; SUEN, Wing.

    Hong Kong : University of Hong Kong, 1995. (School of Economics and Finance Discussion Paper; No. 166).

    Research output: Working paperDiscussion paper seriesResearch

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    LUI H-K, SUEN W. The efficient marriage market hypothesis : a direct test. Hong Kong: University of Hong Kong. 1995. (School of Economics and Finance Discussion Paper; 166).