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
Date Written: December 4, 2008
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: Suggested Citation