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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w16748 |
来源ID | Working Paper 16748 |
Marital Sorting and Parental Wealth | |
Kerwin Kofi Charles; Erik Hurst; Alexandra Killewald | |
发表日期 | 2011-01-27 |
出版年 | 2011 |
语种 | 英语 |
摘要 | 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. We estimate a variety of models, including transition matrices, OLS and TSLS models to deal with measurement error in wealth reports. 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 distribution. Our preferred estimates indicate that the correlation in log wealth between own and spouse's parents wealth is around 0.4. We show that education accounts for only one-quarter of this sorting, and also show that selection into and out marriage by parental wealth does not appreciably bias our results. |
主题 | Labor Economics ; Demography and Aging |
URL | https://www.nber.org/papers/w16748 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574422 |
推荐引用方式 GB/T 7714 | Kerwin Kofi Charles,Erik Hurst,Alexandra Killewald. Marital Sorting and Parental Wealth. 2011. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w16748.pdf(224KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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