The Marriage Motive: A Price Theory of Marriage. Why Marriage Markets Affect Employment, Consumption and Savings.
While this book contains numerous facts and empirical findings and touches on policy issues, its main contribution to the existing literature lies in the theoretical perspective it offers. The core of this book is a general equilibrium theory of labor and marriage presented in Chapter 2, which provides the conceptual framework for the rest of the chapters. Two major implications of the theory are sex ratio effects and compensating differentials in marriage.
The book demonstrates how a few core concepts, linked via economic analysis, help explain a multitude of findings based on statistical analyses of data from a wide variety of cultures. It is hoped that readers of this book will improve their understanding of how marriage works to help us design better economic and social policies as well as help people live better and happier lives, making the book of interest to not only economists but sociologists and anthropologists as well.
On the Economics of Marriage
- A Theory of Marriage, Labor and Divorce.
Westview Press, 1993. Has been out of print since 1995 but you can get access to a WP version
praise for my 1993 book On the Economics of Marriage
A General Theory of Marriage; Sex Ratio Effects; Compensating Differentials in Marriage (applied to labor supply and to religious intermarriage) ; Cohabitation, Divorce, and Polygamy; and Marriage, Productivity, and Earnings.
[A collection on]The Economics of Marriage
The International Library of Critical Writings in Economics 310.
Shoshana Grossbard, a leading scholar in this field, has selected the most influential classic and recent articles which highlight the economic importance of marriage and related institutions. The volume first considers marriage and related outcomes, including cohabitation, matching, brideprice and dowry, and law and economic questions relating to divorce. It then investigates the consequences of marriage and marriage markets for labour supply, household production, wages, consumption, household finance, education and fertility. A clear original introduction by the editor provides an illuminating guide to the selected articles and to their place within the economic and demographic literature.
Marriage and the Economy: Theory and Evidence from Advanced Industrial Societies
Cambridge University Press, 2003
Marriage and the Economy explores how marriage influences the monetized economy as well as the household economy. Marriage institutions are to the household economy what business institutions are to the monetized economy, and marital status is clearly related to the household economy. Marriage also influences the economy as conventionally measured via its impact on labor supply, workers' productivity, savings, consumption, and government programs such as welfare programs and social security. The macro-economic analyses presented here are based on the micro-economic foundations of cost/benefit analysis, game theory, and market analysis. Micro-economic analysis of marriage, divorce, and behavior within marriages are investigated by a number of specialists in various areas of economics. Western values and laws have been very successful at transforming the way the world does business, but its success at maintaining individual commitments to family values is less impressive.
Contemporary Marriage: Comparative Perspectives on a Changing Institution. (edited with Kingsley Davis)
New York: Russell Sage Publications, 1985. Includes 1 chapter I wrote: Marriage Squeezes, Cohabitation, and the Feminist Revolution.
(with Christopher Clague) M.E. Sharpe. 2001
Foreword by Jack Hirshleifer. Armonk, N.J.: . Includes Introduction and Conclusion (with C. Clague).