nep-evo New Economics Papers
on Evolutionary Economics
Issue of 2020‒01‒13
one paper chosen by
Matthew Baker
City University of New York

  1. Preference Evolution in Different Marriage Markets By Zhang, Hanzhe; Wu, Jiabin

  1. By: Zhang, Hanzhe (Michigan State University, Department of Economics); Wu, Jiabin (Department of Economics, University of Oregon)
    Abstract: We examine the evolution of preferences under different arrangements of the marriage market, when preferences are influenced by own choices and parents’ preferences. Multiple stable equilibria arise under random matching, but a unique equilibrium exists under assortative matching. Differences in evolutionary trajectories after transitory and permanent shocks by marriage markets allow us to discuss in a unified way the evolution of (i) female labor force participation in developed countries, (ii) gender norms in developing countries, (iii) the capitalistic spirit in preindustrial England, and (iv) cultural norms in the long run.
    Keywords: preference evolution; marriage market; intergenerational transmission; evolutionary games
    JEL: C73 C78 Z13
    Date: 2020–01–02

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