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Cohort Size and the Marriage Market: Explaining Nearly a Century of Changes in US Marriage Rates
Mary Ann Bronson1, Maurizio Mazzocco2
1Georgetown University.
None:
We document that the US marriage market is characterized by two systematic empirical patterns. First, there is a quantitatively large, strong, and persistent negative relationship between changes in cohort size and marriage rates of women. Second, the same negative correlation holds for men. We then establish the features a model should possess to generate these patterns. A standard matching model with search frictions is rejected by the data because it produces a negative relationship for women but a positive relationship for men. We generalize the standard model to show under what conditions it rationalizes both patterns.
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Equivalent Couples
Two couples are considered to be equivalent if they produce the same rotational effect on a rigid body. In other words, the two couples have the same magnitude and act in the same direction, causing the same angular displacement or acceleration in the body.
For instance, consider two couples lying in the plane of the page, with one having a pair of equal...

