Abstract

This paper presents an overlapping generations household model with positive assortative matching, incomplete information about partner’s type and a gender pay gap on the labor market. In equilibrium, a gender pay gap creates an excess supply of desirable husbands and women marry early to increase their chance of being matched with an ideal partner, which results in a gender age gap on the marriage market. A modified model with asymmetric information yields a similar result. An extended model where individuals have an option to remain single yields a similar result as well.