Monday, March 02, 2009

Marriage and Economics

The following content has been taken from dilbert blog ... 

Found it pretty interesting ... 



Single people are free to take more economic risks than married people. It makes me wonder if there is a correlation between the average age of marriage in a particular area and its economy. 

My hypothesis is that places where marriage happens early, by custom or religion, will also be the places with the slowest rate of development. In such places there might be fewer entrepreneurs and everyone would take fewer risks. 

Exceptions would abound since economies are influenced by many factors, so if there is a correlation it would be on average and not apply to every region. And obviously the causation could work the other way too; a good economy provides the option of staying single longer. 

On a similar theme, easy access to divorce, and a high divorce rate, might also contribute to entrepreneurial energy. And again this could work both ways because a risk-taking spouse is probably more likely to get a divorce.  

Name three vibrant entrepreneurial countries where people also marry young.

UPDATE: Reader Brant provides a link to statistics that support this hypothesis:


www.un.org/esa/population/publications/worldmarriage/worldmarriagepatterns2000.pdf



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