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Love and money with inheritance: marital sorting between labor income and inherited wealth in the modern partnership

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  • Zhu, Junyi
  • Pasteau, Etienne

Abstract

The relative attractions from both inherited and acquired traits in martial choices can change. We expand the traditional dimension of assortative mating through only labor income to both labor income and inheritance as Frémeaux (2014) accomplished. This paper studies the concentration and substitutability of these two traits in forming partnership using Panel of Household Finance (PHF) data for Germany. Our results resembles to the quantitative and distributional outcomes from France.

Suggested Citation

  • Zhu, Junyi & Pasteau, Etienne, 2017. "Love and money with inheritance: marital sorting between labor income and inherited wealth in the modern partnership," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168086, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc17:168086
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    References listed on IDEAS

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    1. Thomas Piketty, 2011. "On the Long-Run Evolution of Inheritance: France 1820--2050," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(3), pages 1071-1131.
    2. Christine Schwartz & Robert Mare, 2005. "Trends in educational assortative marriage from 1940 to 2003," Demography, Springer;Population Association of America (PAA), vol. 42(4), pages 621-646, November.
    3. Michael Kremer, 1997. "How Much does Sorting Increase Inequality?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(1), pages 115-139.
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    Cited by:

    1. Basiglio, Stefania, 2018. "Essays on financial behaviour of households and firms," Other publications TiSEM c13423c5-8bf2-44a7-baa7-3, Tilburg University, School of Economics and Management.
    2. Nitin Kumar Bharti, 2018. "Wealth Inequality, Class and Caste in India, 1961-2012," World Inequality Lab Working Papers hal-02878149, HAL.
    3. Nitin Kumar Bharti, 2018. "Wealth Inequality, Class and Caste in India, 1961-2012," Working Papers hal-02878149, HAL.

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    More about this item

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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