by Gary Becker
Imperfection information is the essence of divorce, search in the marriage market, contributions by children to elderly parents, a good reputation, and other behavior. People in the marriage market hardly know their own interests and capabilities.
Imperfect Information in Marriage Markets:
People don't marry the first reasonable prospect encountered, but try to learn about them and search for better prospects. Assumes people goal oriented and rational to the extent the information they possess allows them to be. People marry when the cost of further searching exceeds the expected benefits from better prospects.
Since lasting love is not easily distinguished from momentary infatuation, little confidence is attached to the direct assessment of love before marriage. Dating etc increase reliability. Marriage rate would be better if better information existed. Data cited in marriages that break up quickly usually the product of this imperfect information. Assumes people are utility seekers and that costs after a while are higher than benefits. Lower children rate due to higher uncertainty of outcome?
Maturity and independence of men has been delayed by greater investments in their human capital. Women don't marry as frequently cause they have work. Assumes children are the cost preventing remarriage. Use of historical data odd: how can he make those conclusions from them?
One has only to determine whether the joint wealth of a married couple would be increased by divorce, without worrying about how the increase is divided or about who has legal access to divorce. Rules shape divorce rates. Martial instability related to economic incentives. People who enter these situations weigh incentives and make a decision. Some people enter mixed marriages not because they are unlucky, but are inefficient.
Expected gain from remaining married was generally quite large in the nineteenth and early twentieth centuries given high fertility and that few women participated in the market sector.
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I never believed in love spells or magic until i met this spell caster once when i went to Africa in February this year on a business summit. I meant a man who’s name is (Great Matatan powerful Spell ), he is really powerful and could help cast spells to bring back one’s gone, lost, misbehaving lover and magic money spell or spell for a good job or luck spell .I’m now happy & a living testimony cos the man i had wanted to marry left me 3 weeks before our wedding and my life was upside down cos our relationship has been on for 4 years. I really loved him, but his mother was against us and he had no good paying job. So when i met this spell caster, i told him what happened and explained the situation of things to him. At first i was undecided, skeptical and doubtful, but i just gave it a try. And in 7 days when i returned to Sydney, my boyfriend (now husband) called me by himself and came to me apologizing that everything had been settled with his mom and family and he got a new job interview so we should get married. I didn’t believe it cos the spell caster only asked for my name and my boyfriends name and all i wanted him to do. Well we are happily married now and we are expecting our little kid, and my husband also got the new job and our lives became much better. His email is:( matatanspell@yahoo.com . )
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