Consideration sets on the marriage market
This paper wants to integrate the notion of consideration sets in the analysis of matching on the marriage market. In doing so, a revealed preference methodology based on the assumption of marriage stability within the collective household model will be used, which was introduced by Cherchye, Demuynck, De Rock and Vermeulen (2017). This paper defines the consideration sets of individuals to construct marriage markets based on seven categories (namely age, BMI, values, wage, education, children and religiosity).
These categories were selected based on data availability and the assortative mating literature. It is investigated which marriage market specifications (based on the previous seven categories) dominate others. A marriage market specification is dominant relative to another specification if 1) it has larger goodness-of-fit indicators and 2) it has a larger marriage market.