A Taste for Cohabitation
In the past couple of decades the U.S. has seen a shift away from marriage, and towards cohabitation. The declining rate of marriages can be contextualized by the declining rate of religious worship given that marriage often a primarily religious act. However, marriage is also an economic act as married couples can enjoy benefits such as shared insurance benefits, shared pension/retirement benefits, shared social security, and tax benefits. These economic benefits are mostly marriage specific as common-law marriage is not very common in the U.S. This means that we can view these benefits as economic incentives to get married under Continue reading A Taste for Cohabitation