"For richer, for poorer": savings preferences and choice of spouse
AbstractDo couples share the same values? The social sciences have mainly concentrated on comparing the socioeconomic characteristics of spouses, but rarely their preferences to risk and time. In this paper, we use conventional measurements and an original method. We find that spouses are very similar in their savings preferences, even when we control for the individual characteristics. These conclusions are decisive in explaining wealth inequalities between households, since homogamy causes a divide in the population. However, if the correlation between preferences and wealth is clear when measured at the household level, spouses with opposite attitudes tend to be richer for some parameters.
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Date of creation: Sep 2013
Date of revision:
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Homogamy; Savings Preferences; Household Wealth; Inequalities;
Other versions of this item:
- Nicolas FREMEAUX & Luc ARRONDEL, 2014. ""For richer, for poorer": savings preferences and choice of spouse," THEMA Working Papers 2014-03, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-16 (All new papers)
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