Identification and Parametric Estimation of Empirical Dynamic Marriage Matching Models
开发了一个允许市场非平稳的动态婚姻参数模型,通过过渡均衡系统表示模型均衡,并利用不动点映射进行识别和参数估计,最后应用于研究中国独生子女政策对婚姻分布的影响。
Abstract Marriage matching markets typically involve heterogenous agents participating in a dynamic, non-stationary environment. These features pose a considerable modelling challenge. In this paper, we develop a new parametric model of dynamic marriage that allows for market non-stationarity using a system of transitionary equilibria. We propose a method to identify and parametrically estimate the model by representing the model equilibrium with a fixed-point mapping. We apply our model to investigate how China’s one-child policy has affected the marriage distribution through its effect on the population and sex ratios.