Marriage Economics
Yesterday’s New York Times reports that there has been something of a reversal of marriage fortunes between men and women. According to a recent analysis of census data by the Pew Research Center, “Men are increasingly likely to marry wives with more education and income than they have, and the reverse is true for women.” Although other studies have shown that there continues to be a gender gap favoring men in wages (meaning that women earn, on average, somewhat less than similarly situated men engaged in the same work), it appears that the average wage imbalance in a given marriage is likely to be in the opposite direction. Trends in the last year have exacerbated this imbalance, since men were far more likely than women to lose their jobs in the recession. The report also notes that in married couples “wives contribute a growing share of the household income, and a rising share of those couples includes a wife who earns more than her husband.”
It is interesting to speculate on the impact these trends will have on marriage and divorce.