A Theory of Marriage: Part II

  title={A Theory of Marriage: Part II},
  author={Gary Stanley Becker},
  journal={Journal of Political Economy},
  pages={S11 - S26}
  • G. Becker
  • Published 1 March 1974
  • Economics
  • Journal of Political Economy
I present in this paper the skeleton of a theory of marriage. The two basic assumptions are that each person tries to do as well as possible and that the "marriage market" is in equilibrium. With the aid of several additional simplifying assumptions, I derive a number of significant implications about behavior in this market. For example, the gain to a man and woman from marrying compared to remaining single is shown to depend positively on their incomes, human capital, and relative difference… 
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