The Paths to Marriage: Cohabitation and Marital Wealth Accumulation

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dc.contributor.advisor Qian, Zhenchao
dc.creator Painter, Matthew II. 2008-05-14T15:33:07Z 2008-05-14T15:33:07Z 2008-04
dc.description Social and Behavioral Sciences; Social Work; Law: 3rd Place (The Ohio State University Edward F. Hayes Graduate Research Forum) en_US
dc.description.abstract Although wealth inequality has stagnated in recent years, considerable financial disparities remain. Researchers have begun to examine important processes that influence wealth accumulation, but relatively little research has focused on events in the adult life cycle. The existing research in this area has shown that marriage increases wealth accumulation. Yet, due to the growing prevalence of cohabitation, we ask whether all marriages share this relationship. We argue that cohabitation prior to marriage affects adult wealth accumulation differently compared to households that did not cohabit prior to marriage. Although selection forces differentially sort individuals into cohabitation, we argue that the process of cohabitation reinforces individualist attitudes and financial behaviors that reduce wealth accumulation. In turn, individuals who cohabited carry these behaviors and attitudes into their marriages, net of selectivity. We draw our sample from the National Longitudinal Survey of Youth 1979 and use linear growth curve models to examine household wealth trajectories across time. Importantly, we use educational attainment to empirically account for selection into cohabitation. We expect to find that though marriage is a wealth building institution, each additional year of cohabitation prior to marriage will reduce marital wealth accumulation across all educational categories compared to those who marry without prior cohabitation. en_US
dc.language.iso en_US en_US
dc.relation.ispartofseries 2008 Edward F. Hayes Graduate Research Forum. 22nd en_US
dc.subject cohabitation en_US
dc.subject wealth en_US
dc.title The Paths to Marriage: Cohabitation and Marital Wealth Accumulation en_US
dc.type Article en_US
dc.description.embargo No embargo en_US Attribution-NoDerivs 3.0 Unported en_US
dc.rights.ccuri en_US
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Attribution-NoDerivs 3.0 Unported