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

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.