EconPapers    
Economics at your fingertips  
 

Marital Sorting and Parental Wealth

Kerwin Charles (), Erik Hurst () and Alexandra Killewald

Demography, 2013, vol. 50, issue 1, 51-70

Abstract: The extent of marital sorting by socioeconomic background has implications for the intergenerational transmission of inequality, the role of marriage as a mechanism for social mobility, and the extent of cross-group interactions within a society. However, studies of assortative mating have disproportionately focused on spouses’ education, rather than their social origins. Using data from the Panel Study of Income Dynamics (PSID), and exploiting the unique genealogical design of the data set, we study the degree to which spouses sort on the basis of parental wealth. We find that the estimated correlation in parental wealth among married spouses, after controlling for race and age, is about .4. Importantly, we show that controlling for spousal education explains only one-quarter of sorting based on parental wealth. We show that our results are robust to accounting for measurement error in spousal reports of parental wealth and for selection into and out of marriage. Copyright Population Association of America 2013

Keywords: Social mobility; Marriage; Inequality; Multigenerational; Wealth (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (11) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1007/s13524-012-0144-6 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Marital Sorting and Parental Wealth (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:demogr:v:50:y:2013:i:1:p:51-70

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13524

Access Statistics for this article

Demography is currently edited by John D. Iceland, Stephen A. Matthews and Jenny Van Hook

More articles in Demography from Springer, Population Association of America (PAA)
Series data maintained by Sonal Shukla ().

 
Page updated 2017-10-06
Handle: RePEc:spr:demogr:v:50:y:2013:i:1:p:51-70