Asymmetries in utility functions and marriage decisions: A Ramsey-Koopmans approach
Abstract: This paper determines an empirical indicator for the cost of marrying a spouse with a different level of impatience or rate of time preference, and/or a different degree of aversion to intertemporal variability in consumption. Empirical data from different published sources are used to cal...
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| Lenguaje: | English |
| Publicado: |
ILADES. Universidad Alberto Hurtado.
2018
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| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702018000200091 |
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| Sumario: | Abstract: This paper determines an empirical indicator for the cost of marrying a spouse with a different level of impatience or rate of time preference, and/or a different degree of aversion to intertemporal variability in consumption. Empirical data from different published sources are used to calibrate the model. |
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