Fertility Shocks and Equilibrium Marriage-Rate Dynamics: Lessons from World War 1 in France

نویسندگان

  • John Knowles
  • Guillaume Vandenbroucke
چکیده

Low sex ratios are often equated with unfavorable marriage prospects for women, but in France after World War 1, the marriage probability of single females rose 50%, despite a massive drop in the male/female ratio. We conjecture that the war-time birth-rate bust induced an abnormal postwar abundance of singles with relatively high marriage propensities. We compute the equilibrium response, in a life-cycle matching model, of marriage hazards to war-time fertility and male-mortality shocks. Our results implicate two powerful forces: an abnormal abundance of marriageable men, and increased gains from marriage due to post-war pro-natalism.

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تاریخ انتشار 2015