Rich Like Me: How Assortative Mating Is Driving Income Inequality |
Branko Milanovic is among the most thorough & astute economists studying economic inequality (he discovered the "elephant curve," discussed in EN). This excerpt from his new book discusses 1 cause: like marrying like. via
"In 1970, only 13 percent of young American men who were in the top decile of male earners married young women who were in the top decile of female earners. By 2017, that figure had risen to almost 29 percent"
"If educated, affluent people tend to marry each other, that by itself will tend to increase inequality. About one third of the inequality increase in the U.S. between 1967 and 2007 can be explained by assortative mating"
"If educated, affluent people tend to marry each other, that by itself will tend to increase inequality. About one third of the inequality increase in the U.S. between 1967 and 2007 can be explained by assortative mating" - |
Rich Like Me: How Assortative Mating Is Driving Income Inequality - “About one-third of the inequality increase in the United States between 1967 and 2007 can be explained by assortative mating”