Abstract
Marriage
rate has been decreased continuously for past five decades in the U.S. (Ruggles
et al. 2014). One of the most important factors to explain this downward trend
is increasing income inequality at individual levels (Cherlin, 2014, Gould and
Paserman, 2003, Burtless, 1999, Oppenheimer et al., 1997). Overall economic
inequality including income inequality is also expected to affect marriage rate
negatively. Based on economic decision models on marriage decision (Becker,
1973, 1974, 1977), this study investigates and verifies the negative
relationship between economic inequality and marriage rate in the U.S with
vector autoregressive model by analysing macroeconomic time-series data.
Governmental efforts to ease economic inequality will help to reduce or even
reverse declining trend in marriage rate.
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