The Effect of Assortative Mating on Wealth Inequality, why do the Rich Choose the Rich?

Autor: Arabela ICHIM, Mihaela NECULITA, Carmen GHELASE, Daniela Ancuta SARPE
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, Vol 29, Iss 2, Pp 134-137 (2023)
Druh dokumentu: article
ISSN: 15840409
1584-0409
DOI: 10.35219/eai15840409347
Popis: This paper unravels the effect of assortative mating on wealth inequality. In light of the reviewed literature, it is concluded that there is a significant effect of assortative mating on wealth inequality, it is mainly driven by similarity in background and similar views on lifestyle, including saving habits. These findings are in line with the matching hypothesis. However, the competition hypothesis of having an inherent interest in a partner with a high socio-economic status cannot be ruled out. Another relevant finding highlights how redistributive policies might enable individuals to cross social boundaries when partnering up and foster social cohesion.
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