On the Empirical Content of the Beckerian Marriage Model
نویسندگان
چکیده
This note studies the empirical content of a simple marriage matching model with transferable utility, based on Becker (1973). Under Becker’s conditions, the equilibrium matching is unique and assortative. However, this note shows that, when the researcher only observes a subset of relevant characteristics, the unique assortative matching does not uniquely determine a distribution of observed characteristics. This precludes standard approaches to point estimation of the underlying model parameters. We propose a solution to this problem, based on the idea of “random matching”.
منابع مشابه
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