Asymmetries in utility functions and marriage decisions: A Ramsey-Koopmans approach
Revista de Análisis Económico, October 2018. Vol. 33, Pages 91-99.
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.
Keywords: Ramsey model, rate of time preference, marriage decision, value of impatience, value of risk aversion.
JEL Classification: J12, J16.