Sriya Iyer

Shareen Joshi

The institution of consanguineous marriage-a marriage contracted between close biological relatives-has been a basic building block of many societies in different parts of the world. This paper argues that the practice of consanguinity is closely related to the practice of dowry, and that both arise in response to an agency problem between the families of a bride and a groom. When marriage contracts are incomplete, dowries transfer control rights to the party with the highest incentives to invest in a marriage. When these transactions are costly however, consanguinity can be a more appropriate response since it directly reduces the agency cost. The paper's model predicts that dowry transfers are less likely to be observed in consanguineous unions. It also emphasizes the effect of credit constraints on the relative prevalence of dowry payment and consanguinity. An empirical analysis using data from Bangladesh delivers robust results consistent with the predictions of the model.

The Economics of Consanguineous Marriages

Religion is not a popular target for economic analysis. Yet the economist’s tools offer insights into how religious groups compete, deliver social services, and reach out to converts—how religions nurture and deploy market power. Sriya Iyer puts these tools to use in an expansive study of India, one of the world’s most religiously diverse nations.

The Economics of Religion in India

Jared Rubin

Jean-Paul Carvalho

This edited collection brings together expertise from around the globe to overview and debate key concepts and concerns in the economics of religion. While the economics of religion is a relatively new field of research in economics, economists have made and continue to make important contributions to the understanding of religion. There is much scope for economists to continue to make a significant contribution to debates about religion, including its implications for conflict, political economy, public goods, demography, education, finance, trade and economic growth.

Sriya Iyer

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