The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
Love and Money: A Theoretical and Empirical Analysis of Household Sorting and Inequality*
Abstract
This paper examines the interactions between household formation, inequality, and per capita income. We develop a model in which agents decide to become skilled or unskilled and form households. We show that the equilibrium sorting of spouses by skill type (their correlation in skills) is an increasing function of the skill premium. In the absence of perfect capital markets, the economy can converge to different steady states, depending upon initial conditions. The degree of marital sorting and wage inequality is positively correlated across steady states and negatively correlated with per capita income. We use household surveys from 34 countries to construct several measures of the skill premium and of the degree of correlation of spouses' education (marital sorting). For all our measures, we find a positive and significant relationship between the two variables. We also find that sorting and per capita GDP are negatively correlated and that greater discrimination against women leads to more sorting, in line with the predictions of our model.
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“Indeed, Fernández, Guner, and Knowles (2005) show that the spousal correlation in years of schooling tends to be greater in countries where skill premia and income inequality are high.”
From Educational Inequality* (2022) · cites this paper as Fernández, Guner, and Knowles (2005)
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Cites
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Growth, income distribution, and democracy: What the data say
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The Gender Gap, Fertility, and Growth
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Five Decades of Educational Assortative Mating
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Intergenerational Transfers and the Distribution of Earnings
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Cited by
Culture: An Empirical Investigation of Beliefs, Work, and Fertility
Fernández, R., & Fogli, A. (2009) · American Economic Journal: Macroeconomics · doi:10.1257/mac.1.1.146 · Cited by 1,264
The Intergenerational Transmission of Risk and Trust Attitudes
Dohmen, T., Falk, A., Huffman, D., & Sunde, U. (2012) · The Review of Economic Studies · doi:10.1093/restud/rdr027 · Cited by 1,037
Inequality does cause underdevelopment: Insights from a new instrument
Easterly, W. (2007) · Journal of Development Economics · doi:10.1016/j.jdeveco.2006.11.002 · Cited by 887
Trends and Variation in Assortative Mating: Causes and Consequences
Schwartz, C. R. (2013) · Annual Review of Sociology · doi:10.1146/annurev-soc-071312-145544 · Cited by 688
Choo, E., & Siow, A. (2006) · Journal of Political Economy · doi:10.1086/498585 · Cited by 631
Metadata
- Authors
- Fernandez, R., Guner, N., & Knowles, J.
- Venue
- Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2005-02
- Volume
- 120
- Issue
- 1
- Pages
- 273-344
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W4297696126
- Cited by
- 169
- References
- 47
- FWCI
- 11.31
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
