Intergenerational Economic Mobility and Assortative Mating
Marco Francesconi () and
Thomas Siedler ()
No 448, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research
We use data from the German Socio-Economic Panel and the British Household Panel Survey to estimate the extent of intergenerational economic mobility in a framework that highlights the role played by assortative mating. We find that assortative mating plays an important role. On average about 40-50 percent of the covariancebetween parents' and own permanent family income can be attributed to the person to whom one is married. This effect is driven by strong spouse correlations in human capital.
Keywords: Intergenerational links; Marriage market; Assortative mating; Occupational prestige (search for similar items in EconPapers)
JEL-codes: J12 I20 D31 D64 (search for similar items in EconPapers)
Pages: 30 p.
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Working Paper: Intergenerational Economic Mobility and Assortative Mating (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwwpp:dp448
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