Desperation or Desire ? the Role of Risk Aversion in Marriage

  title={Desperation or Desire ? the Role of Risk Aversion in Marriage},
  author={Christy Spivey},
The effect of an individual’s risk aversion, measured via a series of hypothetical gambles over income, on time to marriage is examined using survival analysis. A search model predicts that, the more risk averse the individual, the shorter the time to first marriage. The estimates support the theory, indicating that risk aversion significantly affects time to marriage, with more risk averse respondents marrying sooner than their more risk loving counterparts. Within-family analyses using… CONTINUE READING

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