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"For richer, for poorer": savings preferences and choice of spouse

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  • Luc Arrondel

    (PSE - Paris-Jourdan Sciences Economiques - CNRS : UMR8545 - École des Hautes Études en Sciences Sociales (EHESS) - École des Ponts ParisTech (ENPC) - École normale supérieure [ENS] - Paris - Institut national de la recherche agronomique (INRA), EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris)

  • Nicolas Frémeaux

    (PSE - Paris-Jourdan Sciences Economiques - CNRS : UMR8545 - École des Hautes Études en Sciences Sociales (EHESS) - École des Ponts ParisTech (ENPC) - École normale supérieure [ENS] - Paris - Institut national de la recherche agronomique (INRA), EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris)

Abstract

Do 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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Bibliographic Info

Paper provided by HAL in its series PSE Working Papers with number halshs-00786245.

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Date of creation: Sep 2013
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Handle: RePEc:hal:psewpa:halshs-00786245

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Keywords: Homogamy; Savings Preferences; Household Wealth; Inequalities;

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References

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Cited by:
  1. Luc Arrondel & André Masson, 2013. "Measuring savers' preferences how and why?," PSE Working Papers halshs-00834203, HAL.
  2. repec:hal:wpaper:halshs-00834203 is not listed on IDEAS

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