Marry into New or Old Money? The Distributional Impact of Marital Decisions from an Intergenerational Perspective. Häner, M., Salvi, M., & Schaltegger, C. A. November 2023. Unpublished manuscript
Link doi abstract bibtex 3 downloads This paper examines the distributional consequences of marital decisions on family wealth and potential future inheritances. We use a large administrative dataset from Switzerland that contains detailed wealth information and enables us to identify spouses and their parents. We find that marital sorting is particularly pronounced at the tails of the wealth distribution. However, the financial similarity of couples' parents is much smaller. The distributional effect on parental wealth is only half the size. We identify intergenerational social mobility as the mechanism behind this attenuation over generations. Consequently, chances of marrying an affluent spouse depend substantially more on one's own wealth than on potential future inheritances.
@unpublished{Haneretal2023,
title = {Marry into New or Old Money? The Distributional Impact of Marital Decisions from an Intergenerational Perspective},
author = {H{\"a}ner, Melanie and Salvi, Michele and Schaltegger, Christoph A.},
year = {2023},
month = nov,
doi = {10.2139/ssrn.4657421},
url = {https://doi.org/10.2139/ssrn.4657421},
abstract = {This paper examines the distributional consequences of marital decisions on family wealth and potential future inheritances. We use a large administrative dataset from Switzerland that contains detailed wealth information and enables us to identify spouses and their parents. We find that marital sorting is particularly pronounced at the tails of the wealth distribution. However, the financial similarity of couples' parents is much smaller. The distributional effect on parental wealth is only half the size. We identify intergenerational social mobility as the mechanism behind this attenuation over generations. Consequently, chances of marrying an affluent spouse depend substantially more on one's own wealth than on potential future inheritances.},
keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth},
note = {Unpublished manuscript}
}
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