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On the emergence of toyboys: The timing of marriage with aging and uncertain careers

Coles, MG and Francesconi, M (2011) 'On the emergence of toyboys: The timing of marriage with aging and uncertain careers.' International Economic Review, 52 (3). 825 - 853. ISSN 0020-6598

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Abstract

We explore how gender bias in career opportunities affects matching in a marriage market with search frictions and where an individual's fitness decays with age. We document a "being left on the shelf" effect where young singles, who find the marriage market rapidly thins with age, rush into early partnership. Singles with stronger career opportunities, however, have a greater option value to defer marriage. More equal career opportunities for women (captured by greater schooling and better occupations) potentially explain the recent emergence of toyboy unions, in which the woman is at least 5 years older than her partner. © (2011) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 27 Jun 2012 10:39
Last Modified: 17 Aug 2017 18:12
URI: http://repository.essex.ac.uk/id/eprint/2542

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