Title

A direct test of the efficient marriage market hypothesis

Document Type

Journal article

Source Publication

Economic Inquiry

Publication Date

1-1-1999

Volume

37

Issue

1

First Page

29

Last Page

46

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.

DOI

10.1111/j.1465-7295.1999.tb01414.x

Print ISSN

00952583

E-ISSN

14657295

Publisher Statement

Copyright © Western Economic Association International 1999

Access to external full text or publisher's version may require subscription.

Recommended Citation

Suen, W., & Lui, H.-K. (1999). A direct test of the efficient marriage market hypothesis. Economic Inquiry, 37(1), 29-46. doi: 10.1111/j.1465-7295.1999.tb01414.x