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来源类型Working Paper
规范类型报告
DOI10.3386/w29903
来源IDWorking Paper 29903
Assortative Mating and Wealth Inequality
Andreas Fagereng; Luigi Guiso; Luigi Pistaferri
发表日期2022-04-04
出版年2022
语种英语
摘要We use population data on capital income and wealth holdings for Norway to measure asset positions and wealth returns before individuals marry and after the household is formed. These data allow us to establish a number of novel facts. First, individuals sort on personal wealth rather than parents' wealth. Assortative mating on own wealth dominates, and in fact renders assortative mating on parental wealth statistically insignificant. Second, people match also on their personal returns to wealth and assortative mating on returns is as strong as that on wealth. Third, post-marriage returns on family wealth are largely explained by the return of the spouse with the highest pre-marriage return. This suggests that family wealth is largely managed by the spouse with the highest potential to grow it. This is particularly true for households at the top of the wealth distribution at marriage. We use a simple analytical example to illustrate how assortative mating on wealth and returns and wealth management task allocation between spouses affect wealth inequality.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Demography and Aging
URLhttps://www.nber.org/papers/w29903
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/587575
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Andreas Fagereng,Luigi Guiso,Luigi Pistaferri. Assortative Mating and Wealth Inequality. 2022.
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