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Males’ housing wealth and their marriage market advantage

Author

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  • C. Y. Cyrus Chu

    (Academia Sinica)

  • Jou-Chun Lin

    (University of California)

  • Wen-Jen Tsay

    (Academia Sinica)

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.

Suggested Citation

  • C. Y. Cyrus Chu & Jou-Chun Lin & Wen-Jen Tsay, 2020. "Males’ housing wealth and their marriage market advantage," Journal of Population Economics, Springer;European Society for Population Economics, vol. 33(3), pages 1005-1023, July.
    • Handle: RePEc:spr:jopoec:v:33:y:2020:i:3:d:10.1007_s00148-019-00763-4
    DOI: 10.1007/s00148-019-00763-4
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    References listed on IDEAS

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    Cited by:

    1. Ge, Shilong & Yang, Xiaozhong & Zhang, Cheng & Xiong, Ying, 2023. "Heterogeneity of public services, gender identity, and the spatial allocation of real estate," Finance Research Letters, Elsevier, vol. 52(C).
    2. Sigurdsson, Jósef, 2023. "Transitory Earnings Opportunities and Educational Scarring of Men," IZA Discussion Papers 16050, Institute of Labor Economics (IZA).
    3. Hong Liu & Lili Liu & Fei Wang, 2023. "Housing wealth and fertility: evidence from China," Journal of Population Economics, Springer;European Society for Population Economics, vol. 36(1), pages 359-395, January.
    4. Jósef Sigurdsson, 2023. "Transitory Earnings Opportunities and Educational Scarring of Men," CESifo Working Paper Series 10361, CESifo.
    5. Ya Gao & Rob Alessie & Viola Angelini, 2023. "Parental housing wealth and children’s marriage prospects in China—evidence from CHARLS," Review of Economics of the Household, Springer, vol. 21(2), pages 615-644, June.
    6. Hu, Yun-Zhi & Xuan, Ye & Wang, Hai-Feng, 2024. "Does “son preference” affect rural floating parents’ willingness to settle in towns and cities?," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 485-510.

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    More about this item

    Keywords

    Marriage formation; Housing wealth; Status good; Duration model;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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