Economic Modeling of Marriage

Economic modeling of marriage analyzes how individuals make partnership decisions based on costs, benefits, and resource allocation. It considers factors like shared income, household chores, child-rearing, and emotional support, treating marriage as a mutually beneficial contract. People weigh the advantages of partnership—greater security, companionship, economic efficiency—against potential costs, such as loss of independence or financial risks. These models help explain patterns like marriage choices, stability, and how economic incentives influence decisions. Overall, they view marriage as a strategic arrangement shaped by both personal preferences and economic considerations.