Showing posts with label marriage. Show all posts
Showing posts with label marriage. Show all posts

Monday, February 14, 2011

The Big 5 Personality Traits and Valentine's Advice

This post from the myPersonality Research blog presents results showing that traditional and conscientious people are more likely to be married. The blog-post discusses how it is possible that marriage might somehow cause people to change their personality to be more traditional and conscientious, rather than traditional and conscientious people getting and staying married. However, they still offer the following Valentine's advice: "to show that you’re marriage material ... we suggest that men should... ask their Valentine out with 40 traditional red roses, and arrive on time to take her to a nice conventional romantic dinner."

Sunday, February 13, 2011

Is love in the air?

Love is in the air everywhere I look around. Love is in the air, every sight and every sound. And I don't know if I'm being foolish, don't know if I'm being wise but it's something that I must believe in and it's there when I look in your eye. Well not really but according to a recent article in an Irish newspaper (which I have mislaid) there is a boom in the number of couples marrying, despite or perhaps because of the recession.
On the hand marriages cost money so we would expect a fall but according to Oswald & Clark, the utility of marriage is worth a lot in monetary terms (about £70k per annum, in 2001 prices) so one might expect people to substitute into marriage since cash is hard to come by these days.
So whats the evidence for Ireland? I plot about 20 years of data on annual marriage and unemployment rates (which I extracted with some difficulty from the CSO web site). While its hard to infer much it seems that largely marriage rates fall as unemployment rises though it may rise at the high rates we currently observe.

Monday, January 31, 2011

The economist as marriage guidance counsellor

Is there anything that economists can't (or perhaps won't) turn their hands to? Apparently not if Spousonomics: using economics to master love, marriage and dirty dishes by P. Szuchman & J. Anderson is anything to go by.
Naturally, you can come to me with your relationship problems too. For a modest fee, that is, but mainly for a heartless laugh.

Wednesday, December 15, 2010

For better or for worse, but how about a recession?

Pretty much everyone is feeling the pain of the recession, unless you specialize in bankruptcy I suppose. How could it get worse? Well if you marriage ended due to the recession that would be a real bummer. So whats the story Rory? Well it looks like years 6-10 of your marriage is when you need to watch out, after the first flush of marital bliss and before she's just resigned to you.

For Better or for Worse, But How About a Recession?
J Arkes, Y-C Shen
In light of the current economic crisis, we estimate hazard models of divorce to determine how state and national unemployment rates affect the likelihood of divorce. With 89,340 observations over the 1978-2006 period for 7633 couples from the 1979 NLSY, we find mixed evidence on whether increases in the unemployment rate lead to overall increases in the likelihood of divorce, which would suggest countercyclical divorce probabilities. However, further analysis reveals that the weak evidence is due to the weak economy increasing the risk of divorce only for couples in years 6 to 10 of marriage. For couples in years 1 to 5 and couples married longer than 10 years, there is no evidence of a pattern between the strength of the economy and divorce probabilities. The estimates are generally stronger in magnitude when using national instead of state unemployment rates.