The economics of polygamy, continued

by on April 6, 2006 at 6:42 am in Law | Permalink

Perhaps this topic needs a little public choice analysis:

Many Sub-Saharan African countries are extremely poor. It has been argued that the marriage system (in particular polygyny) is one contributing factor to the lack of development in this region. Polygyny leads to low incentives to save, depressing the capital stock and output. Enforcing monogamy might seem like an obvious solution. However, such a law will have winners and losers. In this paper, we investigate the transition from a polygynous to a monogamous steady state.  We find that the initial old men will be big losers. The reason is that they had married many wives in anticipation of the brideprice that future daughters will fetch. However, due to the marriage reform, the value of daughters depreciates rapidly, as the brideprice changes from positive to negative. This increases savings and thereby the aggregate capital stock. The interest rate falls and the initial young suffer a loss in capital income. Thus, all men alive during the reform period experience a loss in utility. Young women and all future generations will benefit.  However, the future gains are not enough to compensate the losers. This may explain why many African countries experience strong resistance to changing their marriage laws.

Here is the paper, and thanks to Alina Stefanescu for the pointer.  Here is Alex’s previous post on polygamy, which leads you back to mine as well.  Here are more links.

nelsonal April 6, 2006 at 7:44 am

If I read the paper correctly, it seems like a bond offering that would compensate the current generation for disbanding polygamy would prove effective.

nelsonal April 6, 2006 at 11:21 am

The future income was pretty impressive (incomes tripled), I think that summary was unclear in that individualized future gains were smaller than the individuallized losses. The future gains to future people appeared to far outweigh the losses to current people, but future people don’t vote yet.

John T. Kennedy April 7, 2006 at 10:59 am

Isn’t it typical of markets that the benefits of restricting them don’t cover the costs?

How could outlawing a peaceful choice be expected to increase economic efficiency?

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little troublemaker
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ronni tuscadero
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ass parade
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big mouthfuls
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ass parade
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big mouthfuls
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brandy didder
britney lightspeed
fucking machines
hogtied
jordan capri
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little troublemaker
milf lessons
monsters of cock
ronni tuscadero
taylor little
tug jobs
me and my pussy
ass parade
ball honeys
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big mouthfuls
big tits round asses
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big mouthfuls
big tits round asses
brandy didder
britney lightspeed
dirty aly
fucking machines
hogtied
jordan capri
lightspeed sorority
lightspeed world
mandy lightspeed
milf lessons
monsters of cock
stacy bride
taylor little
tug jobs
meat insertions
ass parade
ball honeys
bang bus
big mouthfuls
big tits round asses
brandy didder
britney lightspeed
dirty aly
fucking machines
hogtied
jordan capri
lacey white -

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