C. Theoretical Factors

The standard economic concept out-of marriage implies that individuals like to get married in the event that utility from the having a wedding is higher than the new power when unmarried (Becker 1973, 1974). Per widow have a monetary advantageous asset of prepared up to she’s 60 years of age in order to remarry, the difference in the current discounted viewpoints of the Personal Security positives for marrying later and you may marrying today. The price of would love to remarry includes such things as forgone companionship together with inability to generally share costs. The benefit and value will vary according to ages of which this new widow was offered remarriage. Depending on fulfilling a prospective companion, the cost of waiting reduces additionally the work with grows just like the she tactics age 60.