Demography

, Volume 50, Issue 1, pp 51–70 | Cite as

Marital Sorting and Parental Wealth

  • Kerwin Kofi Charles
  • Erik Hurst
  • Alexandra Killewald
Article

Abstract

The extent of marital sorting by socioeconomic background has implications for the intergenerational transmission of inequality, the role of marriage as a mechanism for social mobility, and the extent of cross-group interactions within a society. However, studies of assortative mating have disproportionately focused on spouses’ education, rather than their social origins. Using data from the Panel Study of Income Dynamics (PSID), and exploiting the unique genealogical design of the data set, we study the degree to which spouses sort on the basis of parental wealth. We find that the estimated correlation in parental wealth among married spouses, after controlling for race and age, is about .4. Importantly, we show that controlling for spousal education explains only one-quarter of sorting based on parental wealth. We show that our results are robust to accounting for measurement error in spousal reports of parental wealth and for selection into and out of marriage.

Keywords

Social mobility Marriage Inequality Multigenerational Wealth 

Supplementary material

13524_2012_144_MOESM1_ESM.pdf (240 kb)
ESM 1(PDF 240 kb)

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Copyright information

© Population Association of America 2012

Authors and Affiliations

  • Kerwin Kofi Charles
    • 1
  • Erik Hurst
    • 2
  • Alexandra Killewald
    • 3
  1. 1.Harris School of Public PolicyUniversity of ChicagoChicagoUSA
  2. 2.Booth School of BusinessUniversity of ChicagoChicagoUSA
  3. 3.Department of SociologyHarvard UniversityCambridgeUSA

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