Question: Dear Tutor, please choose the right answers only without explanation. Thank you. a) Consider sharing of income risk as a gain from marriage. Assume that

Dear Tutor, please choose the right answers only without explanation. Thank you.

a)

Dear Tutor, please choose the right answers only without explanation. Thank you.a)Consider sharing of income risk as a gain from marriage. Assume thatindividual incomes Y are drawn from a continuous uniform distribution. Riskaverse individuals

Consider sharing of income risk as a gain from marriage. Assume that individual incomes Y are drawn from a continuous uniform distribution. Riskaverse individuals prefer a marriage where the individual incomes of spouses are perfectly negatively correlated. Couples that marry at a higher age are less likely to divorce. In the twosided search model by Burdett 35 Coles (1990) mar riage classes converge to a straight line when arrival rates of potential spouses when searching become unbounded large} so that marriage market allocations approach the Gale Shapley al location when search frictions do not exist

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