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On the State of the Union

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URI: https://hdl.handle.net/10016/5078
ISSN: 1537-534X
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State_JPE_2000_108_2.pdf (1.16 MB)
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2000-04
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University of Chicago Press
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An ovedapping gencrations model of nlan-iage and divorce is constructed to analyze farnilv structure and intergenerational mobility. Agents diffel- by sex, marital status, and human capitaL Single agents Ineet in a lnalTiage Inarket and decide whether to accept or reject proposab to wed. Manied couples must decide whether to separate or floL Parcnts in"cst in their children depending on theil- wherewithal. A simulated ver'sÍon of the thcorctical PI-ototype can generate an equilihriunl with a significanl nurIlber of feInaleheaded families and a high degree of persistence in inconle across generations. To illllstrate the mooel's nlechanics, (he effects uf two antipo\'erty policies, namely child support and welfare. are illvestigated.
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Journal of Political Economy. (Abril 2000), vol. 108, nº 2, p. 213-244
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