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Title: Sorting in the Marriage Market: The Role of Inequality and its Impact on Intergenerational Mobility
Citation Type: Miscellaneous
Publication Year: 2022
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Abstract: I study the long-run impacts of a trade-induced increase in marital sorting. First, I exploit heterogeneous effects by gender and education of a trade-induced labor demand shock to test how changes in inequality affect assortative mating. I find that increased men's skill premium leads to increased sorting in the marriage market, as it deters marriages between college-educated women and high-school-educated men. Second, I study the potential long-term consequences of increased sorting on intergenerational mobility. I present suggestive evidence that marriages in which both spouses have a college degree invest more time and resources in their children, and their children outperform others from an early age. Increased sorting can then lead to higher inequality in children's initial human capital development, lowering intergenerational mobility. I develop an Aiyagari-style overlapping-generations life-cycle model with an explicit marriage market to estimate the long-run effect of the trade shock on intergen-erational mobility. The model, estimated to the US in the 2000s, implies that the trade-induced increase in assortative mating can reduce intergenerational mobility by 0.9%.
Url: https://victoriaraskin.github.io/victoriaraskin_files/Raskin_JMP.pdf
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Authors: Raskin, Victoria
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Data Collections: IPUMS USA
Topics: Family and Marriage, Population Mobility and Spatial Demography
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