Seeking the One: Love, Betrayal and the Desire for Partner Exclusivity

Join us for this weeks Macroeconomics Research Seminar, Autumn Term 2021.

Professor Melvyn Coles, from the department of Economics, will present their research on Seeking the One: Love, Betrayal and the Desire for Partner Exclusivity.

Abstract

This paper provides a new perspective on marriage and cohabitation by structurally estimating an equilibrium matching model with transferable utility, idiosyncratic match values, endogenous on-the-job search intensity and bargaining. According to BHPS  data, 18% of new UK partnerships (married or cohabiting) fail to survive their first year, where such short spells are highly correlated with being young. In contrast the average separation rate across all partners is just 2.1% per annum. Because people do not live in caves, partner exclusivity is less than perfect : we are estimating that full partner exclusivity reduces outside contact rates (amount to be determined) . Well matched partners in (endogenously) exclusive partnerships have expected match durations which exceed 50 years (till death do them part etc). In contrast seeking "the one" (a desired, fully exclusive long term partnership) has an average spell duration of (amount to be determined) where interim relationships may be less than ideal.  

This seminar will be held on campus. This event is open to all levels of study and is also open to the public. To register your place, please contact the seminar organisers.

This event is part of the Macroeconomics Research Seminar Series.