EFFECTS OF MARITAL AND FERTILITY PATTERNS ON THE TRANSMISSION AND DISTRIBUTION OF WEALTH.

Previous literature has discussed the role of assortative mating and of social class differences in fertility on the inheritance of financial wealth and the degree of wealth inequality. This paper argues that assortative mating and differential fertility play the same sort of role in the intergenera...

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Detalles Bibliográficos
Publicado en:Journal of Human Resources Vol. 12; no. 2; pp. 220 - 242
Autor principal: Clague, Christopher K.
Formato: Artículo
Publicado: University of Wisconsin Press Spring77
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:Previous literature has discussed the role of assortative mating and of social class differences in fertility on the inheritance of financial wealth and the degree of wealth inequality. This paper argues that assortative mating and differential fertility play the same sort of role in the intergenerational transmission of human wealth. A path model of the intergenerational transmission of human wealth is constructed from correlations taken from the literature. Estimates are then derived of the extent to which permanent income inequality would be reduced by the elimination of assortative mating, of differential fertility, and of unwanted fertility.