Asymmetries in utility functions and marriage decisions: a ramsey-koopmans approach
Keywords:
Ramsey model, rate of time preference, marriage decision, value of impatience, value of risk aversion.
Abstract
This paper determines an empirical indicator for the cost of marrying a spouse with a different level of impatience or rate of time preference, and/or a different degree of aversion to intertemporal variability in consumption. Empirical data from different published sources are used to calibrate the model.
Published
2018-12-27
How to Cite
Edwards, G. (2018). Asymmetries in utility functions and marriage decisions: a ramsey-koopmans approach. Economic Analysis Review, 33(2), 91-99. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/657
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