Working Paper No. 728

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

Published: January 15, 2008, revised July and December, 2008Pages: 28Keywords: Marriage; Status; Intergenerational Transmission; NobilityJEL-codes: D20; D13; J11; J12

Lady and the Trump: Status and Wealth in the Marriage Market Johan Almenberg and Anna Dreber


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 important implications for the intergenerational transmission of inequality, and for the longevity of the institution of nobility itself.
 

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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