The demand for marriage in China
China's economic growth has been growing drastically past few decades which results in the increasing number of wealthy people. However, there are also increasing number of unmarried men which is approximately 24 million since people are prefer to have boys for the heirs after the One child policy is applied. Now in China, only the rich has the control and right to get married with ideal spouse they carefully pick through matchmakers offering bags of money.The number of boys being born is 118 for every 100 girls and the demand for marriage is very high in China.
This graph below shows the individual demand and supply for marriage in China.
*The X-axis represents the number of women since there are fewer women in China and the Y-axis stand for the requirements men need to have in order to get married or the price that mem pay for the matchmakers.
China's economic growth has been growing drastically past few decades which results in the increasing number of wealthy people. However, there are also increasing number of unmarried men which is approximately 24 million since people are prefer to have boys for the heirs after the One child policy is applied. Now in China, only the rich has the control and right to get married with ideal spouse they carefully pick through matchmakers offering bags of money.The number of boys being born is 118 for every 100 girls and the demand for marriage is very high in China.
This graph below shows the individual demand and supply for marriage in China.
*The X-axis represents the number of women since there are fewer women in China and the Y-axis stand for the requirements men need to have in order to get married or the price that mem pay for the matchmakers.
E1 is the equilibrium for the requirements and the number of women are appropriate but to get married with beautiful women, men have to be rich and they also have to pay more to the matchmakers so the requirements are higher( E2) this is the case of the rich. E3 is when men do not fill the requirements that they are expected to have by the women. The demand for women exceeds the supply(no of) women. this is the case for poor so they are likely to be leftover.
The graph below shows the market demand for marriage in China. (Before and After the One child policy)
The graph below shows the market demand for marriage in China. (Before and After the One child policy)
No of boys being born relative to the no of girls has increased so the demand for marriage has increased which makes the demand curve shift outwards. No of girls being born relative to the no of boys has decreased so the supply of women decreased which make the supply curve shit inwards. those made the Equilibrium price gone up from E1 to E2. This means that getting marriage is becoming defficult for men.
*However, there is a exception to these graph. The "leftover women" are not included in the graphs since the demand for them is very low from all men for some reasons like preference of younger women and the too high degrees they have.*
There is another article on China's marriage market
http://www.economist.com/blogs/freeexchange/2013/07/chinas-marriage-market
Aya
*However, there is a exception to these graph. The "leftover women" are not included in the graphs since the demand for them is very low from all men for some reasons like preference of younger women and the too high degrees they have.*
There is another article on China's marriage market
http://www.economist.com/blogs/freeexchange/2013/07/chinas-marriage-market
Aya