Money Marries Money: Intergenerational Top Income Mobility and Assortative Mating in Denmark

M. Azhar Hussain, Jens Bonke, Martin D. Munk

Research output: Working paperResearchpeer-review

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Abstract

This paper investigates how assortative mating impacts intergenerational earnings and income mobility among top-income households in Denmark. Using administrative registers allowed us to look at very small fractions of the populations, i.e. dynasties, and to distinguish between sons and daughters and to observe their spouses’ incomes. We find that, in particular, intergenerational income mobility is lower in the top when including capital income in the income measure, with an astonishing elasticity of 0.879 when restricting to rich fathers and their married sons. We also find that the marriage match strongly mediates the income transfer in the top of the income distribution, where a correlation of 0.763 is found between father and mother’s aggregated income and that of their son and daughter-in-law’s aggregated income.
Original languageEnglish
Place of PublicationDepartment of Political Science , Aalborg University
ISBN (Electronic)978-87-92174-52-9
Publication statusPublished - 2013

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Top incomes
Income mobility
Income
Assortative mating
Denmark
Elasticity
Marriage
Household
Spouses
Income distribution
Income transfers
Intergenerational earnings mobility

Cite this

Hussain, M. A., Bonke, J., & Munk, M. D. (2013). Money Marries Money: Intergenerational Top Income Mobility and Assortative Mating in Denmark. Department of Political Science , Aalborg University.
Hussain, M. Azhar ; Bonke, Jens ; Munk, Martin D. / Money Marries Money : Intergenerational Top Income Mobility and Assortative Mating in Denmark. Department of Political Science , Aalborg University, 2013.
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Hussain, MA, Bonke, J & Munk, MD 2013 'Money Marries Money: Intergenerational Top Income Mobility and Assortative Mating in Denmark' Department of Political Science , Aalborg University.

Money Marries Money : Intergenerational Top Income Mobility and Assortative Mating in Denmark. / Hussain, M. Azhar; Bonke, Jens; Munk, Martin D.

Department of Political Science , Aalborg University, 2013.

Research output: Working paperResearchpeer-review

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Hussain MA, Bonke J, Munk MD. Money Marries Money: Intergenerational Top Income Mobility and Assortative Mating in Denmark. Department of Political Science , Aalborg University. 2013.