US disparities in affluence by household structure, 1959 to 2017
John Iceland
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John Iceland: Pennsylvania State University
Demographic Research, 2021, vol. 44, issue 28, 653-698
Abstract:
Background: This study examines trends in affluence ‒ as indicated by high household income ‒ by household structure over the 1959 to 2017 period. I contrast the experiences of married-couple households, whose share of all households declined substantially over time, with those of single-parent households, cohabiting couples, individuals living alone, and people living with nonrelatives. Methods: I use data from multiple censuses and the American Community Survey and logistic regression. Results: Levels of absolute affluence rose substantially for all household types, reflecting rising living standards. Married-couple households were the most likely to be affluent and single-parent households were the least. Moreover, the affluence gap between married-couple households and all others widened. Married couples fared better because they experienced larger increases in wages and other important sources of income, such as from investments and retirement. Conclusions: The findings suggest that married-couple households benefit from a collective work strategy and economies of scale that increase their likelihood of affluence. Positive selectivity into marriage may also have increased over time. Contribution: This study provides timely new information on changing gaps in affluence by household structure during a period of substantial change in household living arrangements and economic well-being.
Keywords: affluence; household structure; household living arrangements; inequality (search for similar items in EconPapers)
JEL-codes: J1 Z0 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:dem:demres:v:44:y:2021:i:28
DOI: 10.4054/DemRes.2021.44.28
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