Becker's Theory of Marriage

Becker's Theory of Marriage views marriage as a form of economic decision-making, where individuals weigh the costs and benefits of partnership. People marry to maximize their overall satisfaction, considering factors like companionship, child-rearing, and financial stability. The theory suggests that both partners evaluate how the marriage will improve their well-being compared to being single, and they make rational choices based on these assessments. It also considers how economic factors—such as income, education, and market opportunities—influence marriage decisions, emphasizing that marriage, like other adult choices, involves strategic calculations aimed at enhancing individual welfare.