A new paper published in the Journal of Population Economics finds that housing or real estate improves the man’s status in the marriage market of Taiwan.
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C. Y. Cyrus Chu, Jou-Chun Lin, Wen-Jen Tsay
Journal of Population Economics (2020) 33, Issue 3: 1005-1023
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Author Abstract: In theory, people who own real estate should have advantage finding a partner in the marriage market. Empirical analyses along this line, however, face three issues. First, it is difficult to identify any causality for whether housing facilitates marriage or expected marriage facilitates a housing purchase. Second, survey samples usually do not cover very wealthy people, and so the observations are top coding in the wealth dimension. Third, getting married is a dynamic life cycle decision, and rich life-history data are rarely available. This paper uses registry data from Taiwan to estimate the impact of males’ housing wealth on their first-marriage duration, taking into account all three issues mentioned above. We find that a 10% increase in real estate wealth increases probability of a man getting married in any particular year by 3.92%. Our finding suggests that housing or real estate is a status good in the marriage market.
Access to the newly published complete Volume 33, Issue 3, July 2020.
LEAD ARTICLE OF ISSUE 3:
Blau, F.D., Kahn, L.M., Brummund, P. et al., Is there still son preference in the United States?.
Journal of Population Economics 33, 709–750 (2020). READ LINK FREE.