Economic variations in dating
After all, they don't call it a "meet market" for nothing.
The dating world is, in fact, its own market, with complex economic judgments taking place all the time. Marina Adshade, an economics professor at the University of British Columbia and author of the book , which examines the relationship between money and love."Dating markets don't have currency, so they depend on other mechanisms to operate, much like a barter system," Adshade said.
"This income preference is more pronounced for women."The takeaway: As much as we like to think we are beyond the days of Jane Austen, when suitors were evaluated largely based on how much money they brought in - the famous Mr. " - money can be critical in our romantic lives."Someone's income will almost always factor into the equation," says Douglas Kobak, a financial planner in Conshohocken, Pennsylvania."When you are becoming serious, you need to consider what your partner is bringing to the table besides love and a good time.
The question becomes one about the potential to earn the income needed to build wealth and live a lifestyle you want."Just think about the numerous economic judgments we are making while dating online.
Is what we consider the traditional family changing over time? These are the questions sociologists ask when discussing families.
You may think this is a fairly straightforward question with a simple answer.
These results provide the tools for a growing literature that tries to estimate empirically-relevant multisector models with much reduced computational costs.First off, we are essentially estimating our own value (which may or may not be accurate), Adshade notes.At the same time we are estimating others' value, and whether they are likely to respond - or whether they are "out of our league."Then we are weighing interested suitors against the "opportunity costs" that there may be other, 'better' options still out there.And so when we think about a place where investing and getting what you really want is particularly valuable, it seems like the market for a life partner is hard to beat.So if we just go into some market where everything is commodity, I don’t know, stocks, or bonds, or something like that, we don’t need to do much searching.