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.
 

Elgar Companion to

Social Capital and Health

Martin Ljunge okt 2018.jpg

Martin Ljunge, IFN, is the author of a chapter, "Trust promotes health: addressing reverse causality by studying children of immigrants", in a new book edited by Sherman Folland and Eric Nauenberg. The cutting edge of research is presented, covering the ever-expanding social capital field.

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