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‘For Richer, For Poorer’: Assortative Mating and Savings Preferences

Year: 2016

Type: article

Abstract: Do couples share the same values? The social sciences have mainly concentrated on comparing the socioeconomic characteristics of spouses, but rarely consider their attitudes to risk and time. In this paper, we use conventional measurements and an original method of scoring. We find that spouses are very similar in their savings preferences, even when we control for the individual characteristics. Our results suggest that most of this relationship comes from marital sorting. These conclusions are decisive in explaining the decision process within households and its implications for wealth inequalities between households since homogamy causes a divide in the population.

Source: Economica

DOI: 10.1111/ecca.12176

Authors: Luc Arrondel, Nicolas Frémeaux

Institutions: Centre National de la Recherche Scientifique, Paris School of Economics, Théorie Économique, Modélisation et Applications, Université de Cergy-Pontoise

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Reduced inequalities

Open Access status: green

OpenAlex ID: W2338052689

FWCI: 2.039

Cites: 70

Cited by: 19

Related to: 10