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Why do young women marry old men?

机译:年轻妇女为什么要嫁给老男人?

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This paper presents an overlapping generations household model with positive assortative matching (richer individuals marry richer partners), incomplete information about partner's type (it takes time to reveal income-earning capabilities of individuals) and a gender pay gap on the labor market (men are more likely to end up with a high-paying job). In equilibrium, a gender pay gap creates an excess supply of desirable husbands and women marry early to increase their chance of being matched with an ideal partner, which results in a gender age gap on the marriage market. A modified model with asymmetric information yields a similar result. An extended model where individuals have an option to remain single (the marriage market does not necessarily clear in equilibrium) yields a similar result as well.
机译:本文提出了一个具有正向分类匹配(富人嫁给较富裕的伴侣)的重叠世代家庭模型,有关伴侣类型的信息不完整(花费时间来揭示个人的创收能力)以及劳动力市场上的性别工资差距(男人是更有可能最终获得高薪工作)。在均衡状态下,性别差距造成了过多的理想丈夫和女性供过于求,从而增加了与理想伴侣相匹配的机会,从而导致了婚姻市场上的性别年龄差距。具有不对称信息的修改模型产生相似的结果。个人可以选择保持单身(婚姻市场不一定处于均衡状态)的扩展模型也会产生相似的结果。

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