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A goods characteristics model of the hedonic ageing equation: evidence from a French marriage bureau

par Cameron, Sam;Vaillant, Nicolas
Référence Brussels economic review, 48, 4, page (341-354)
Publication Publié, 2005

Article révisé par les pairs

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Résumé :

The present paper adopts a modelling perspective derived from goods characteristics analysis [Lancaster (1971)] and the general ideas of transactions costs. This is implemented in estimated equations, which feature the age of partner sought as the dependent variable and own age and various other personal characteristics, and characteristics desired in a partner, as the right-hand side variables. The results show a very strong relationship between age and desired partner age. More interestingly, the coefficient on partner age is statistically significantly less than one. This implies a growing gap in the market as the participants grow older as they will be unable to find a suitable match unless they are able to bring a sufficiently increasing stock of other assets to compensate for their own increased age. We also find the male partner age coefficient to be significantly lower than that for females. This conforms to the findings of Cameron and Collins (1997) using a radically different data set.