Lady and the Trump: Status and Wealth in the Marriage Market

SSE/EFI Working Paper Series in Economics and Finance No. 690

28 Pages Posted: 9 Jan 2008 Last revised: 8 Dec 2008

See all articles by Johan Almenberg

Johan Almenberg

affiliation not provided to SSRN

Anna Dreber

Stockholm School of Economics - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: December 4, 2008

Abstract

We examine a relatively neglected aspect of intergenerational transmission of economic standing, namely culturally determined status markers and their valuation in the marriage market. We take nobility to be such a status marker. Using data on Swedish marriages, we test the hypothesis that nobility have a greater probability of marrying "up" in terms of wealth. We find a large and statistically significant positive effect for nobility. This finding has implications for the intergenerational transmission of inequality, and for the longevity of the institution of nobility itself.

Keywords: Marriage, Status, Intergenerational Transmission, Nobility

JEL Classification: D2, D13, J11, J12

Suggested Citation

Almenberg, Johan and Dreber, Anna, Lady and the Trump: Status and Wealth in the Marriage Market (December 4, 2008). SSE/EFI Working Paper Series in Economics and Finance No. 690. Available at SSRN: https://ssrn.com/abstract=1082012 or http://dx.doi.org/10.2139/ssrn.1082012

Johan Almenberg (Contact Author)

affiliation not provided to SSRN

Anna Dreber

Stockholm School of Economics - Department of Economics ( email )

P.O. Box 6501
Sveavagen 65
S-113 83 Stockholm
Sweden

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