More on Marriage, Fertility and the Distribution of Income

Abstract

Accordingt o Pareto (1896),t he distributiono f income dependso n "the nature of the people comprisinga society,o n the organizationo f the latter,a nd, also,i n part,o n chance."I n the modeld evelopedh ere the "natureo f the people" is capturedb y attitudest owardm arriaged, ivorce,f ertility,a nd children.S ingles searchf or matesi n a marriagem arket.M arrieda gentsb argaina boutw ork,a nd the quantity and quality of children. They can divorce. Social policies, such as child supportr equirementsr, eflectt he "organizationo f the (society)."F inally, "chance"is modeledb y randomnessin income,m arriageo pportunitiesa, ndm arital bliss