Competing theories of marriage formation are evaluated by merging seve
ral contextual variables, primarily marriage market characteristics fr
om the 1980 census, with men's marital histories observed between 1979
and 1984 in the National Longitudinal Survey of Youth. Discrete-time
event history models reveal that, net of conventional individual-level
predictors, a shortage of prospective partners in the local marriage
market impedes white men's transition to first marriage. Women's aggre
gate economic independence, measured in terms of the proportion of fem
ales in the local marriage market who are employed anti in terms of th
e size of average AFDC payments, also diminishes man's marriage propen
sities. Although earnings and home ownership facilitate men's marital
transitions, racial differences in socioeconomic and marriage market c
haracteristics account for relatively little of the substantial racial
difference in marriage rates.