The Significant Decrease in Marriage Markets

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In the United States marriage rates are dipping too new lows. The growing trend of declining marriage rates is understood with an economical approach when analyzing marriage markets. For instance, the demand and supply of husbands can be used to better explain activity in marriage markets. In this paper the demand of husbands is equated to women’s preferences, which are internal and external factors that drive women too marriage. The supply of husbands or male’s preferences, are characteristics men choose to bring to a marriage. When using an economical approach there is overwhelming evidence that the decline in marriage rates is due to a decline in women’s preferences, simply put the demand for husbands. Low demand for husbands can be attributed to; an increase in the labor supply for women, the economic risks associated with being a housewife, and the waning social stigma attached to unmarried women.
Over the course of the last century women’s total labor force participation has increased from twenty percent to sixty percent (Power, 2003). Today women are also receiving higher compensation for their work relative too men. Blau, Farber, & Winkler (2010) found that “the gender earnings ratio for each group increased substantially starting in the 1980’s.” Although there is still a considerable wage difference, the growing wages for women relative to men help explain why the demand for men has decreased, because the higher pay is facilitating them towards dependency. Historically, financial success is a typical trait in men that is in high demand in the marriage market, because it correlates over to providing for a family. Since financial success is in high demand it commands a high price (Braunstein, 2013). The ample increases in w...

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...art in determining why the demand for husbands has declined. This decline of demand for husbands attributes to why marriage rate have dropped, since not as many women want or need a husband they are less likely to enter into a marriage.

Works Cited

Bergmann, B. (1981). The Economic Risks of Being a Housewife. Women and the Economy: A Reader. (pp. 101-107). Armonk, New York: ME Sharpe.

Blau, F. Ferber, M. & Winkler, M. (2010). Difference in Occupation and Earning: Overveiw. The Economic of women and work, Sixth Edition. (pp. 130-149). New Jersey: Pretice Hall.

Braunstein, E. (2013). Lecture on Care and Marriage Markets. Personal Collection of E. Braunstein, E. Colorado State University, Fort Collins CO.

Figart , D.M. Mutari, E. Power, M. (2003). Breadwinners and Other Workers. Women and the Economy: A Reader . (pp. 39- 53). Armonk, New York: ME Sharpe.

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