Marital sorting and parental wealth

Cover of: Marital sorting and parental wealth | Kerwin Kofi Charles

Published by National Bureau of Economic Research in Cambridge, MA .

Written in English

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Edition Notes

Book details

StatementKerwin Kofi Charles, Erik Hurst, Alexandra Killewald
SeriesNBER working paper series -- working paper 16748, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16748.
ContributionsHurst, Erik, Killewald, Alexandra, National Bureau of Economic Research
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL24851645M
LC Control Number2011655970

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Marital Sorting and Parental Wealth 53 parent-child associations in economic variables, such as earnings, income, and wealth. 1 Estimated correlations in earnings and income from this literature are usually in the.4 to.5 range, suggesting a fair bit of economic persistence across Size: KB. Marital sorting and parental wealth.

[Kerwin Kofi Charles; Erik Hurst; Alexandra Killewald; National Bureau of Economic Research.] -- Using data from the Panel Study of Income Dynamics (PSID), this paper studies the degree to which spouses sort in the marriage market on the basis of parental wealth.

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 by: Acknowledgments.

Machine-readable bibliographic record - MARC, RIS, BibTeX Document Object Identifier (DOI): /w Published: Demography FebruaryVol Issue 1, pp Marital Sorting and Parental Wealth Kerwin Kofi Charles, Erik Hurst, Alexandra Killewald citation courtesy Marital sorting and parental wealth book Users who downloaded this paper also downloaded* these.

Our various results show that men and women in the U.S. marry spouses whose parents have wealth similar to that of their own parents; and are very unlikely to marry persons from very different parental wealth backgrounds.

This effect is present in the population as a whole, within racial groups, and especially in the tails of the by:   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 aboutCited by: Marital Sorting Marital sorting and parental wealth book Parental Wealth.

Kerwin Kofi Charles, Erik Hurst, Alexandra Killewald. Books Recent Books Earlier Books (by decade) Browse books by Series Conference on Research in Income and Wealth (CRIW) Gender in the Economy Study by: little about marital sorting on the basis of factors outside an agent’s control, like parental wealth.

And, although parental wealth is strongly correlated with schooling attainment, our analysis documents the impact of parental background on marriage outcomes above and beyond anything.

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The correlations are used as indexes of marital sorting in earnings, after controlling for measured factors such as schooling, age, and work experience. Smith () used census data to estimate residual correlations for black and white couples.

Women, Marriage, and Wealth investigates the relationship between women’s marital status and economic security through the lifecourse. Based on analysis of longitudinal data from the Rand Health and Retirement Data File, the study explores whether married women have greater wealth, net worth, and economic security than divorced, widowed, and never-married women, especially in later Cited by: 1.

Studies either implicitly assume that marriage has an immediate and time-constant effect on wealth (e.g., Addo and Lichter, ;Lersch, )-which Cheng () calls the static approach-or. Parental Wealth and Adult Children's Welfare in Marriage Article (PDF Available) in Review of Economics and Statistics 88(3) February with 64 Reads How we measure 'reads'.

marital births or divorce. However, children of widowed parents do better than children of other types of single-parent families with similar characteristics. How Do Child Outcomes Vary Among Types of Families. Comparing two-parent families with all single-parent families often masks important Size: KB.

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The text achieves an excellent balance between the sociological, or ecological and family systems theoretical perspectives, while including extensive coverage of 5/5(4). Whilst case law confirms that the family court will respect the provenance of wealth when deciding whether particular assets should be shared between spouses on divorce, it is also clear that the court's quest to achieve a fair outcome by ensuring that the financial needs of each spouse are met will trump any contention that non-marital (ie pre Author: Michael Gouriet.

Search the world's most comprehensive index of full-text books. My libraryMissing: parental wealth. Besides romance, you also are more likely to experience financial joy – if your marriage works s who get and stay married can have as much as four times the wealth of.

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