Watson Institute for International and Public Affairs

Tying the Knot: The Financial Commitment

May 31, 2016 Business News Network

Emily Oster, associate professor of economics, offers an economics-based perspective about the growing and often elaborate wedding industry. "You want to think about the original purpose of the wedding as being a way for people, friends, to transfer money to the young couple when they were starting out their lives," said Oster of the evolution of the wedding. "It's super surprising that we've moved a little bit towards the wedding as consumption rather than the wedding as economic necessity."

Tying the Knot: The Financial Commitment (interview with Emily Oster) – Business News Network