‘A Diamond is Forever’ and Other Fairy Tales: The Relationship between Wedding Expenses and Marriage Duration
17 Pages Posted: 27 Sep 2014
Date Written: September 15, 2014
In this paper, we evaluate the association between wedding spending and marriage duration using data from a survey of over 3,000 ever-married persons in the United States. Controlling for a number of demographic and relationship characteristics, we find evidence that marriage duration is inversely associated with spending on the engagement ring and wedding ceremony.
Keywords: wedding expenses, engagement ring, marriage duration, divorce
JEL Classification: J12, Z1, D1
Suggested Citation: Suggested Citation