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Fortunate Families? The Effects of Wealth on Marriage and Fertility

Author

Listed:
  • David Cesarini
  • Erik Lindqvist
  • Robert Östling
  • Anastasia Terskaya

Abstract

We estimate the effects of large, positive wealth shocks on marriage and fertility in a sample of Swedish lottery players. For male winners, wealth increases marriage formation and reduces divorce risk, suggesting wealth increases men’s attractiveness as prospective and current partners. Wealth also increases male fertility. The only discernible effect on female winners is that wealth increases their short-run (but not long-run) divorce risk. Our results for divorce are consistent with a model where the wealthier spouse retains most of his/her wealth in divorce. In support of this assumption, we show divorce settlements in Sweden often favor the richer spouse.

Suggested Citation

  • David Cesarini & Erik Lindqvist & Robert Östling & Anastasia Terskaya, 2023. "Fortunate Families? The Effects of Wealth on Marriage and Fertility," NBER Working Papers 31039, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:31039
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    Cited by:

    1. Giuseppe Pio Dachille & Maria De Paola & Roberto Nisticò, 2025. "Guaranteed Minimum Income and Fertility," RFBerlin Discussion Paper Series 2588, ROCKWOOL Foundation Berlin (RFBerlin).
    2. Ignacio Belloc & José Alberto Molina & Jorge Velilla, 2026. "Effects of Lottery Wins on Household Labor Supply," Manchester School, University of Manchester, vol. 94(1), pages 90-115, January.
    3. Miska Simanainen, 2025. "How Changes in Cash Transfers Can Affect Childbearing Among Low-Income Women: Evidence from the Finnish Basic Income Experiment," European Journal of Population, Springer;European Association for Population Studies, vol. 41(1), pages 1-24, December.

    More about this item

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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