Economic Analysis of Same-Sex Marriage

Abstract

This article applies the neoclassical microeconomic analysis of marriage as developed by Nobel laureate economist Gary Becker to same-sex marriage. The objective is to demonstrate that the economic analysis of marriage supports allowing same-sex marriage, and that same-sex marriages would strengthen the incentive to marry, increase the efficiency of marriage markets, provide for more children to be raised in two-parent optimum environments, and benefit states economically overall. The article concludes with an overview of the economic impact of same-sex marriages on states based on the analysis, data and fiscal information currently available from researchers and economists in the field.

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