According to a study they say that 'money can't buy love', but it sure affects the decision to get married.
University of Notre Dame economist Kasey Buckles says that "money" or more precisely the price of marriage, can significantly affect the decision to marry.
Buckles and co-authors Melanie Guldi, of Mount Holyoke College and Joseph Price of Bringham Young University, have pointed out that economists have long been interested in how individuals respond to changes in the cost of marriage.
The study has examined the decision to marry in response to a policy that has not been previously studied - blood test requirements for obtaining a marriage license.
Until the 1980s, most states required a blood test in order to obtain a wedding license. The law required the test to screen for certain conditions, such as rubella or syphilis, and hopefully, reduce the spread of communicable disease and prevent birth defects.
However by 2006, the requirement had been phased out in all but two states, Mississippi and the District of Columbia (the researchers treated the District as a state for the purposes of the study).
The repeals came about because penicillin became a cheap and effective treatment for syphilis and vaccines were developed for rubella and other diseases and pre-marital screenings were no longer considered cost-effective.
Using data on state marriage rates between 1980 and 2006, the researchers found that when blood test requirements were in place, states issued 5.7 percent fewer marriage licenses.
Roughly half the difference is due to couples going out of state for marriage licensees, while the rest was due to couples deciding not to marry at all.
The researchers also found that blood test requirements increase the number of out-of-wedlock, first-time mothers, especially among the young, African-Americans and those without a high-school degree.
The finding has indicated that the financial burden of blood tests may be higher for low-income individuals.
The study also suggested that premarital blood tests may have a heavy psychological "cost" in that some individuals avoid them due to fear of the sight of blood or the burden of discovering a positive test result that has to be revealed to a partner.
The researchers hope that their results may be of use to policy makers considering other policies that directly (required premarital counseling, waiting periods and license fees) and indirectly (tax and transfer programs) affect the cost of getting married.