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Intergenerational Economic Mobility and Assortative Mating Author info | Abstract | Publisher info | Download info | Related research | Statistics John Ermisch () (ISER, University of Essex and IZA Bonn)
Marco Francesconi () (University of Essex and IZA Bonn)
Thomas Siedler () (ISER, University of Essex, DIW Berlin and IZA Bonn)
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We use data from the German Socio-Economic Panel and the British Household Panel Survey to estimate the extent of intergenerational economic mobility in a framework that highlights the role played by assortative mating. We find that assortative mating plays an important role. On average about 40-50% of the covariance between parents’ and own permanent family income can be attributed to the person to whom one is married. This effect is driven by strong spouse correlations in human capital, which are larger in Germany than Britain.
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
1847.
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Length: 36 pages
Date of creation: Nov 2005Date of revision:
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Keywords: intergenerational links ; marriage market ; assortative mating ; occupational prestige ; Other versions of this item:
Find related papers by JEL classification: J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure I20 - Health, Education, and Welfare - - Education - - - General D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution D64 - Microeconomics - - Welfare Economics - - - Altruism
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