Marriage and Consumption

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Marriage and Consumption. / Blow, Laura; Browning, Martin; Ejrnæs, Mette.

Centre for Advanced Microeconometrics, Department of Economics, University of Copenhagen, 2009.

Research output: Working paper › Research

Harvard

Blow, L, Browning, M & Ejrnæs, M 2009 'Marriage and Consumption' Centre for Advanced Microeconometrics, Department of Economics, University of Copenhagen.

APA

Blow, L., Browning, M., & Ejrnæs, M. (2009). Marriage and Consumption. Centre for Advanced Microeconometrics, Department of Economics, University of Copenhagen.

Vancouver

Blow L, Browning M, Ejrnæs M. Marriage and Consumption. Centre for Advanced Microeconometrics, Department of Economics, University of Copenhagen. 2009.

Author

Blow, Laura ; Browning, Martin ; Ejrnæs, Mette. / Marriage and Consumption. Centre for Advanced Microeconometrics, Department of Economics, University of Copenhagen, 2009.

Bibtex

@techreport{cb39fb401ea711deb43e000ea68e967b,
title = "Marriage and Consumption",
abstract = "We examine theoretically and empirically consumption over the early part of the life-cycle. The main focus is on the transition from being single to living with someone else. Our theoretical model allows for publicness in consumption; uncertainty concerning marriage; differences between lifetime incomes for prospective partners and a marriage premium. We develop a two period model to bring out the main features of the impact of marriage on consumption and saving. We then develop a multi-period model that can be taken to the data on expenditures by singles and couples aged between 18 and 30. Our empirical work is based on individual based quasi-panels from UK expenditure survey data from 1978 to 2005. The model fits the data relatively well. We find that expenditure by couples leads to 20-40 % more consumption than the same expenditure split between two comparable singles.",
author = "Laura Blow and Martin Browning and Mette Ejrn{\ae}s",
note = "JEL classification: D12, D91, J12",
year = "2009",
language = "English",
publisher = "Centre for Advanced Microeconometrics, Department of Economics, University of Copenhagen",
type = "WorkingPaper",
institution = "Centre for Advanced Microeconometrics, Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - Marriage and Consumption

AU - Blow, Laura

AU - Browning, Martin

AU - Ejrnæs, Mette

N1 - JEL classification: D12, D91, J12

PY - 2009

Y1 - 2009

N2 - We examine theoretically and empirically consumption over the early part of the life-cycle. The main focus is on the transition from being single to living with someone else. Our theoretical model allows for publicness in consumption; uncertainty concerning marriage; differences between lifetime incomes for prospective partners and a marriage premium. We develop a two period model to bring out the main features of the impact of marriage on consumption and saving. We then develop a multi-period model that can be taken to the data on expenditures by singles and couples aged between 18 and 30. Our empirical work is based on individual based quasi-panels from UK expenditure survey data from 1978 to 2005. The model fits the data relatively well. We find that expenditure by couples leads to 20-40 % more consumption than the same expenditure split between two comparable singles.

AB - We examine theoretically and empirically consumption over the early part of the life-cycle. The main focus is on the transition from being single to living with someone else. Our theoretical model allows for publicness in consumption; uncertainty concerning marriage; differences between lifetime incomes for prospective partners and a marriage premium. We develop a two period model to bring out the main features of the impact of marriage on consumption and saving. We then develop a multi-period model that can be taken to the data on expenditures by singles and couples aged between 18 and 30. Our empirical work is based on individual based quasi-panels from UK expenditure survey data from 1978 to 2005. The model fits the data relatively well. We find that expenditure by couples leads to 20-40 % more consumption than the same expenditure split between two comparable singles.

M3 - Working paper

BT - Marriage and Consumption

PB - Centre for Advanced Microeconometrics, Department of Economics, University of Copenhagen

ER -

ID: 11687351