The Marriage Wealth Premium Revisited
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Description: This study examines the association between marriage and economic wealth of women and men. Going beyond previous research, which focused on household wealth, I examine personal wealth which allows identifying gender disparities in the association between marriage and wealth. Using unique data from the German Socio-Economic Panel Study (2002, 2007, 2012), I apply random-effects and fixed-effects regression models to test my expectations. I find that both, women and men, experience substantial marriage wealth premiums not only in household but also in personal wealth. I do not find consistent evidence for gender disparities in these general marriage premiums. Additional analyses indicate, however, that women’s marriage premiums are substantially lower than men’s premiums in older cohorts and when only considering non-housing wealth. Overall, this study provides new evidence that women and men gain unequally in their wealth attainment through marriage.
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