Marriage: An Economic Perspective

| Total Words: 412

Is there a correlation between marriage and business trade?
When all’s been said and done after February 14, what is most in the minds of people smitten by love is “What could be the next best thing?” For any man, after months and months of extravagant spending and nagging from his significant other, the ultimate end of dating has to be realized, if not immediately in the near future. It’s high time to talk marriage, since entering a relationship is like doing business. Every one has to make risks. Every one has to make an investment. It should be considered that economists run after investments that are tangible. Economists can never measure emotional investment.

So why do people marry? It’s been a phenomenon in western societies for couples to live in together without the benefit of saying “I do.” What’s the underlying economic reason behind marriage?

A research by professors from Ohio State University queried some 9,000 people from the baby boom generation (those who are fifty years of age up) about the economic aspects and advantages of marrying. The study found out that marriage gives an overall positive...

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