Working Paper Series
Lady and the Trump: Status and Wealth in the Marriage Market
() and Anna Dreber
Abstract: We examine a hitherto unexplored 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. We propose a two-trait extension
of the optimal sorting model in Becker (1973). Using data on Swedish
marriages we test the hypothesis that nobility have a greater probability
of marrying up in terms of wealth. Our main finding is a sizeable and
statistically significant positive effect for nobility. We use unique data
on the evolution of nobility to make some predictions about the longevity
of this institution.
Keywords: Marriage; Status; Intergenerational Transmission; Nobility; (follow links to similar papers)
JEL-Codes: D13; D20; J11; J12; (follow links to similar papers)
28 pages, January 15, 2008, Revised July 10, 2008
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- This paper is forthcoming as:
Almenberg, Johan and Anna Dreber, 'Lady and the Trump: Status and Wealth in the Marriage Market', Kyklos.
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