From the first working women who dated, to technology that shaped dates, to supply and demand in dating markets, dating history is an economic phenomenon.
The ways to find a mate have shifted from marriage markets originating with family, church and neighborhood to online and bars but utility is constant.
If household production were quantified and added to the GDP, its status might increase and help women who pay the high opportunity cost of doing unpaid work at home.
New marriage markets involve couples with consumption complementarities and online dating that the work of Nobel Economics Laureate Al Roth is facilitating.
With son preference, limited fertility and social norms, China’s and India’s sex ratios at birth have created a male glut and new marriage markets.
As female labor force participation increased since the 1970s, so too has the income inequality that resulted from assortative mating of higher earners.
As the pill, education and employment opportunities changed the value of women as wives, the tradeoffs that relate to being married have also changed.
How gender ratios in the U.S. and China affect men’s financial behavior can be explained with supply and demand and behavioral economics from Gary Becker.
New attitudes that value marriage less and new economics through which women have more pay and education and men work less have changed marriage markets.
Gary Becker image courtesy of University of Chicago. All too often, if you say you are looking at the economics of the family, people assume you are talking about money. Nobel Laureate Gary Becker, who died this week (1930-2014), changed…