SSE/EFI Working Paper Series in Economics and Finance No. 690
Stockholm School of Economics, The Economic Research Institute (EFI), Stockholm
We examine a relatively neglected aspect of intergenerational transmission of economic standing, namely culturally determined status markers and their valuation in the marriage market. We take nobility to be such a status marker. Using data on Swedish marriages, we test the hypothesis that nobility have a greater probability of marrying up in terms of wealth. We find a large and statistically significant positive effect for nobility. This finding has important implications for the intergenerational transmission of inequality, and for the longevity of the institution of nobility itself.
Marriage Status Intergenerational Transmission Nobility