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

  • Nicolas FREMEAUX
  • Luc ARRONDEL

    ()

    (Université de Cergy-Pontoise, THEMA
    Paris School of Economics)

Do couples share the same values? The social sciences have mainly concentrated on comparing the socioeconomic characteristics of spouses, but rarely their prefer- ences to risk and time. In this paper, we use conventional measurements and an original method of scoring. We nd that spouses are very similar in their savings preferences, even when we control for the individual characteristics. Our results suggest that most of this relationship comes from marital sorting. The e ects of at- trition or time are likely to be limited. These conclusions are decisive in explaining the extent of cooperation within households and also wealth inequalities between households since homogamy cause a divide in the population.

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Paper provided by THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise in its series THEMA Working Papers with number 2014-03.

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Date of creation: 2014
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Handle: RePEc:ema:worpap:2014-03
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