1 We thank J. V. Ríos-Rull, N. Guner, and several anonymous referees for many valuable suggestions and comments. We revised this article while Giolito was visiting Duke University, and he thanks the Department of Economics for the financial support, its faculty for their hospitality, and Seth Sanders, especially. We gratefully acknowledge the financial support of the Spanish Ministerio de Educación y Ciencia (Grants SEJ2005-05381, ECO2008-04073, BEC2006-05710, and ECO2009-11165). We also thank K. S. Rolfe for extremely valuable editorial comments. Please address correspondence to: Eugenio Giolito, Department of Economics, Erasmo Escala 1835 Santiago, Region Metropolitana, Chile. E-mail: firstname.lastname@example.org.
ACCOUNTING FOR THE TIMING OF FIRST MARRIAGE*
Article first published online: 23 JAN 2013
© (2013) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association
International Economic Review
Volume 54, Issue 1, pages 135–158, February 2013
How to Cite
Díaz-Giménez, J. and Giolito, E. (2013), ACCOUNTING FOR THE TIMING OF FIRST MARRIAGE. International Economic Review, 54: 135–158. doi: 10.1111/j.1468-2354.2012.00728.x
Manuscript received November 2008; revised February 2011.
- Issue published online: 23 JAN 2013
- Article first published online: 23 JAN 2013
Among first marriages in the United States, grooms are on average 1.7 years older than their brides. Traditionally, this fact is explained by sex differences in income. We use a general equilibrium, overlapping generations search model economy to show instead that sex differences in fecundity are essential to account for the age gap at first marriage, whereas sex differences in income play a secondary role. Our model economy also accounts for other facts on the timing of first marriages that the literature has overlooked.