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Intergenerational Economic Mobility and Assortative Mating

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 percent of the covariancebetween 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.
Year of publication:
2004
Authors: Ermisch, John ; Francesconi, Marco ; Siedler, Thomas
Institutions: DIW Berlin (Deutsches Institut für Wirtschaftsforschung)
Subject: Intergenerational links | Marriage market | Assortative mating | Occupational prestige
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application/pdf
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Type of publication: Book / Working Paper
Language: English
Notes:
Number 448 30 pages long
Classification: J12 - Marriage; Marital Dissolution; Family Structure ; I20 - Education. General ; D31 - Personal Income, Wealth and Their Distributions ; D64 - Altruism
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