Property Rights Over Marital Transfers ∗ [ Preliminary Draft ]

نویسندگان

  • Siwan Anderson
  • Chris Bidner
چکیده

We develop a simple competitive model of the marriage market in which bridal families decide how much to transfer to their daughter and how much to transfer to a potential groom. By allocating property rights over total marital transfers in this way, the bridal family influences the outcome of intra-household bargaining. This approach formalizes and clarifies the dual roles of dowry as both as bequest for daughters and a marketclearing payment to grooms. The analysis helps explain the historical record of dowries, whereby the prominent role of dowries transforms from bequest to price during early modernization. The model produces some further results of interest: we show that positive assortative matching is not a robust prediction in this setting, and that equilibrium transfers are generally not Pareto efficient when transfers to the bride are in the form of human capital investment. We argue that the price component of dowry disappears once the return to female human capital is sufficiently high.

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Online Appendix: Property Rights Over Marital Transfers

This online appendix accompanies our paper “Property Rights Over Marital Transfers”.

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تاریخ انتشار 2011