Assortative marriage and intergenerational persistence of earningstheory and evidence

Resumo

I study the impact of the changes in the U.S. labor market that took place in the last few decades - such as the increase in the college wage premium and the reduction in the gender wage gap - on the intergenerational persistence of income, with a particular emphasis on the marriage market channel. To motivate my analysis, I document a positive cross-country correlation between intergenerational persistence of income (and education) and educational assortative mating. I then develop an overlapping generations model in which parents invest in their children's education and individuals choose whom they are going to marry, and estimate the model to fit the postwar U.S. data. My results suggest that both of these changes have affected the intergenerational earnings persistence, but that the marriage decision plays only a very small role in these results.

Ficha do documento

Tipo

Dissertação

Ano

2016

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso aberto

Identificador

oai:repositorio.fgv.br:10438/17551

Temas

Economia

Palavras-chave

Assortative matingIntergenerational persistence of incomeGender wage gapCollege wage premiumEconomiaEconomia - Modelos matemáticosTeoria dos casamentosMercado de trabalhoRenda - Distribuição