NDLI: The Wealth of Parents: Trends over Time in Assortative Mating Based on Parental Wealth

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The Wealth of Parents: Trends over Time in Assortative Mating Based on Parental Wealth

Content Provider	Scilit
Author	Wagner, Sander Boertien, Diederik Gørtz, Mette
Copyright Year	2019
Description	Journal: SSRN Electronic Journal This paper describes trends in parental wealth homogamy among union cohorts formed between 1987 and 2013 in Denmark. Using high-quality register data on the wealth of parents during the year of partnering, we show that the correlation between partners’ levels of parental wealth is considerably lower compared to estimates from earlier research on other countries. Nonetheless, parental wealth homogamy is high at the very top of the parental wealth distribution, and individuals from wealthy families are relatively unlikely to partner with individuals from families with low wealth. Parental wealth correlations among partners are higher when looking only at parental assets rather than net wealth, implying that the former might be a better measure for studying many social stratification processes. Most specifications indicate that homogamy increased in the 2000s relative to the 1990s, but trends can vary depending on methodological choices. The increasing levels of parental wealth homogamy raise concerns that, over time, partnering behavior has become more consequential for wealth inequality between couples.
Related Links	https://www.econstor.eu/bitstream/10419/215395/1/dp12999.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3409713
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.3409713
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2019-06-25
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Assortative Mating Intergenerational Processes
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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