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Positive assortative mating may be a driver of wealth inequalities, but this relationship has not yet been examined. We investigate the association between assortative mating and wealth inequality within and between households drawing on data from the United States Survey of Income and Program Participation and measuring current, individual-level wealth for newly formed couples (N  = 3936 couples). We find that partners positively sort according to wealth over and above sorting by age, race, education, and income. In the absence of assortative mating according to wealth, the Gini coefficient for between-household wealth inequality would be 7 percent lower. Wealth inequalities would thus remain high if couples did not match by wealth. We find a within-household wealth gap of about USD 23,000 to the disadvantage of women. Whereas the within-household wealth gap would be markedly greater for women at the bottom and in the middle of the female wealth distribution without assortative mating, we also find that women would have a substantial wealth advantage under random matching at the top of the female wealth distribution. [ABSTRACT FROM AUTHOR]

In this study, we argue that parents' class position may influence the type and timing of their offspring's investments in financial assets. These investments may facilitate net worth accumulation beyond direct transfers, contributing to the intergenerational reproduction of social positions. We test these expectations using retrospective life history and prospective panel data for 14 countries from the Survey of Health, Ageing and Retirement in Europe. We apply discrete-time event history analyses to examine the first financial investments' timing over the life course and conduct a mediation analysis of net worth. We find that individuals from advantaged parental classes are more likely to invest in stocks and mutual funds. When considering horizontal differentiation, managerial classes with relatively more economic capital than cultural capital are more likely to invest in financial assets. However, we do not find robust evidence for distinct timings of financial investments by parental class. Advantaged parental class is positively associated with net worth in later life. However, this association cannot be explained by the specific investments of individuals from advantaged parental classes. [ABSTRACT FROM AUTHOR]

Prior literature finds stability in personal culture, such as attitudes and values, in individuals' life courses using short-running panel data. This work has concluded that lasting change in personal culture is rare after formative early years. This conclusion conflicts with a growing body of evidence for changes in personal culture after significant life course transitions, drawing on long-running panel data. To integrate these conflicting findings, the current study develops and applies a life course adaption model of personal culture, accounting for early imprinting and the continued possibility for change. Drawing on rich data from six long-running panel studies from five countries (BHPS, HILDA, PSID, SHP, SOEP, UKHLS) and 428 measures of personal culture, I test the theoretical expectations using mixed-effects modeling and an individual participant data meta-analysis. Results support the life course adaption model. Although lasting, non-transitory, within-individual changes in personal culture are relatively small compared to stable between-individual differences, I find strong support for the proposition that individuals change persistently in their personal culture as they move through the life course. These changes are partly dependent on prior biographical experiences. Finally, personal culture fluctuates substantially from year to year. Change in personal culture is increasingly varied for younger birth cohorts. [ABSTRACT FROM AUTHOR]

Families' economic wealth is a resource that can provide children with crucial advantages early in their lives. Prior research identified substantial variation of wealth levels between different family types with children from single-parent families being most disadvantaged. The causes of this disadvantage, how much the disadvantage varies between children and how the non-resident parents' wealth may potentially reduce the disadvantage remain unclear. To address these research gaps, we use data from the German Socio-Economic Panel (2002–17) to examine the level of and inequality in wealth for children from single-parent families using recentred influence function regression and decomposition analysis. We replicate earlier findings of a large wealth disadvantage for children in single-parent families. We find that the wealth disadvantage can be mainly explained with compositional differences in household income and employment characteristics. Beyond level differences, inequality between children from single-parent families is higher than for other family types and this inequality can only partly be explained by observed demographic and socio-economic characteristics. When considering the wealth of non-resident parents, the wealth disadvantage of children in single-parent families is reduced but remains substantial. JEL-codes: D31, D1, J1 [ABSTRACT FROM AUTHOR]

Objective: This study examines fairness perceptions of experimentally manipulated savings arrangements in couples (i.e., distribution of control and ownership of savings) to identify distributive justice principles in marriage. Background: Theoretically, competing norms about individual ownership rights and autonomy (equity principle) and marital sharing (equality principle) in interaction with gender ideology (entitlement principle) may explain how individuals perceive the fairness of different savings arrangements, but these explanations have not been tested against each other yet. Method: In a nationally representative factorial survey experiment, implemented in the German GESIS Panel, 3,948 respondents evaluated the fairness of randomly presented savings arrangements (N = 19,648 evaluations). Results: Respondents rated equal control as more important than equal ownership to establish fairness in marriage. The ownership of savings does not seem to be directly linked to control, providing evidence against the equity principle. Inequality in ownership is rated fairer if it is in favor of the husband, whereas inequality in control is rated fairer if it is in favor of the wife. This suggests that gender is an ascriptive characteristic according to which resources should be allocated (entitlement principle). Conclusion: The results indicate that the ideal of marital sharing is widespread, but is rather accomplished by equal control than by equal ownership. Individuals' fairness perceptions of inequality in marriage are gendered, that is, depend on whom inequality favors. [ABSTRACT FROM AUTHOR]

This study examines the association between parental separations during childhood and economic wealth of adult children. We provide a new test of this relationship and address two unresolved debates in the literature concerning (1) the pathways linking parental separation and adult children's wealth and (2) the relevance of the timing of exposure. We use data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey on 16,652 individuals and estimate mixed effects models after matching to predict adult children's wealth. We find that parental separation is associated with about 46 percent less net wealth for adult children. The negative association is limited to adult children who experienced parental divorce before age 15. The association does not differ between children who experienced parental divorce before age 6 and between age 6 and 14. We identify reduced education and earning capacities, unstable family structures among adult children and less future-oriented time preferences as likely mechanisms through which parental separation influences adult children's wealth. [ABSTRACT FROM AUTHOR]

Objective: To document how changes in household wealth following the dissolution of marriage and cohabitation differ by gender in Germany. Background: Marital property regimes usually prescribe that both partners receive a share of the couple's wealth following a divorce. The dissolution of cohabiting unions is not governed by marital property regimes in most countries, including Germany. Because men, on average, legally own a larger share of couple wealth than women, gender differences in household wealth might be more pronounced following the dissolution of cohabitation as compared to marriage. Method: The analysis consists of individual fixed effects regression models using longitudinal data from the German socio‐economic panel (N = 18,131 individuals) for the years 2002 to 2017. Results: The dissolution of marriage is negatively related to the accumulation of wealth over time and effect sizes are similar for men and women. The dissolution of cohabiting unions is related to losses in wealth for women but not for men. Models accounting for various postdissolution factors suggest that an unequal division of household wealth produces these gender differences after the dissolution of cohabitation. Conclusion: Whereas the dissolution of marriage lowers household wealth for men and women alike, there are gender differences in how the dissolution of cohabiting unions affects the accumulation of wealth. Union dissolution therefore has the potential to contribute to gender inequality in household wealth. [ABSTRACT FROM AUTHOR]

Panel data has become the gold standard for causal assessments of complex human behaviour in quantitative social science. The objective of this review is to examine and discuss how panel data and related methods contribute to the identification of causal relationships in spatial mobility research. We illustrate this by providing a succinct overview of recent progress in spatial mobility research, drawing on panel data. The review outlines research from a number of scholarly disciplines that maps patterns, establishes determinants and assesses the impact of spatial mobility for a range of outcomes. Studies presented in this article are used to decipher complex interdependencies over the life course, scrutinise the selectivity of migrants, and shed light on the interplay between individual agency, social embeddedness and socio-structural contexts. The article concludes with a set of critical issues for future research. [ABSTRACT FROM AUTHOR]

This study develops and applies a framework for analyzing variability in individuals' occupational prestige trajectories and changes in average variability between birth cohorts. It extends previous literature focused on typical patterns of intragenerational mobility over the life course to more fully examine intracohort differentiation. Analyses are based on rich life course data for men and women in West Germany born between 1919 and 1979 from the German Life History Study and the German National Educational Panel Study (N = 16,854 individuals). Mixed-effects growth-curve models with heterogeneous variance components are applied. Results show that birth cohorts systematically differ in their variability; cohorts who entered the labor market in the late 1950s and 1960s and experienced mostly closed employment relations have exceptionally homogenous trajectories. Earlier and later cohorts, who experienced more open employment relations, are more heterogeneous in their trajectories. Cohorts with higher variability at labor market entry are characterized by persistently strong intracohort differentiation. Women's variability within employment is similar to men's but markedly increases once employment interruptions are considered. [ABSTRACT FROM AUTHOR]

Women's life courses underwent substantial changes in the family and work domains in the second half of the twentieth century. The associated fundamental changes in opportunity structures and values challenged the importance of families of origin for individual life courses, but two research strands suggest enduring within-family reproduction of women's family behavior and work outcomes. We revisit this issue by studying two complementary types of intergenerational associations in women's combined work-family trajectories. On the one hand, we examine similarities across mothers' and daughters' work-family trajectories to address the direct within-family reproduction of female life courses (intergenerational persistence). On the other hand, we examine systematic associations between work-family trajectories that are typical in each generation to address intergenerational interdependencies beyond direct reproduction that account for individual and societal constrains and opportunities that each generation faced (intergenerational correspondence). We use a within-dyad approach to sequence analysis and examine combined work-family trajectories between ages 18 and 35 of two generations of women, born in 1930-1949 and in 1958-1981, within the same family drawn from the German Socio-Economic Panel. Overall, we find evidence of small but nontrivial persistence in work-family trajectories across generations that is partly attributed to within-family mechanisms of reproduction. In addition, we find correspondence across typical trajectory patterns of each generation, without daughters necessarily resembling their mothers' trajectories. The strength of the intergenerational associations varies by social background. Our research improves and broadens our understanding of the reproduction of female life courses across generations. [ABSTRACT FROM AUTHOR]

Abstract Individuals' gender attitudes influence their behaviors, and adherence to traditional gender ideology is an important mechanism contributing to the (re)production of gender inequalities. In developed nations, the 'gender revolution' was accompanied by marked societal shifts towards gender-egalitarian attitudes, but these trends have recently stalled. In this paper, we re-examine the role of birth cohort and ageing in influencing gender ideology through the lens of life-course theory and leveraging British panel data. We contribute to the field by considering cohort-differences in ageing effects on gender ideology and documenting within-cohort variability in such effects. We find that (i) people from older cohorts hold comparatively more traditional gender attitudes, (ii) the effect of ageing on gender ideology is positive, (iii) there are cohort-differences in these ageing effects, (iv) gender-attitude trajectories are less predictable in younger than older cohorts, and (v) factors capturing life-course experience explain little of the cohort differences. Our findings highlight important avenues for future research on gender ideology change, and offer insights into the likely pace and direction of social movements towards gender egalitarianism. [ABSTRACT FROM AUTHOR]

The finding that homeowners own more non-housing wealth than tenants is well known. We examine whether the higher financial wealth of owners can be partly explained with increases in saving when becoming a homeowner in two distinct institutional contexts. Using longitudinal data for the UK (British Household Panel Survey) and Germany (Socio-Economic Panel Study), we find that homeowners save more and are financially wealthier than tenants. However, when controlling for time-constant selection into homeownership, upon entering homeownership households reduce their probability to save in Germany and reduce their average saving rate in Germany and the UK. For Germany, there is some evidence that processes of homemaking (family formation and home improvement) lead to less saving. For the UK, we find no evidence that increasing home equity over time discourages saving. Finally, tenants do not compensate for their lack of housing wealth by accumulating more non-housing wealth over time. This disadvantage for tenants seems more pronounced in the UK compared to Germany. [ABSTRACT FROM AUTHOR]

Positive economic outcomes of marriage are often explained with a higher future orientation of married individuals who are assumed to plan their finances for a longer period than the nonmarried. Using data from the Household, Income and Labour Dynamics in Australia Survey (2001–2014; N = 4,819 individuals), the authors provide the first longitudinal test of whether individuals change their financial planning horizons when they change their partnership status using fixed and random effects regressions. Results show that the financial planning horizon increases as individuals enter cohabitation. No further changes in financial planning horizons are found when they transition into marriage. Changes in horizons are similar for women and men. These results indicate that longer financial planning horizons and marriage are likely outcomes of couples' long‐term commitment, which develops during cohabitation. The symbolic and legal institution of marriage is not additionally associated with individual financial planning as a dimension of future orientation. [ABSTRACT FROM AUTHOR]

Using longitudinal survey data from the Socio-Economic Panel Study ( N = 3,003 respondents with 22,165 individual-year observations) and exploiting temporal and regional variation in state-level unemployment rates in West Germany, we explore differences in trajectories of individuals' self-rated health over a period of up to 23 years after leaving education under different regional labor market conditions. We find evidence for immediate positive effects of contextual unemployment when leaving education on individuals' health. We find no evidence for generally accelerated or decelerated health deterioration when leaving education in high-unemployment contexts. We find, however, that individual unemployment experience when leaving education is associated with worse health and with more accelerated health deterioration in high-unemployment contexts. The cumulative experience of unemployment after leaving education does not mediate the influence of early labor market experiences for long-term health outcomes. In addition, our analyses indicate no gender differences in these results. [ABSTRACT FROM AUTHOR]

Women, particularly those in coresidential unions, have previously been found to spend less time commuting to work than men. This gender gap among couples’ commuting has been linked to inferior labor market opportunities for women. How gender differences in commuting emerge on entering coresidence is underresearched, however. This study examines changes in commuting times at the transition from singlehood to coresidential unions using the British Household Panel Survey (1992-2008; N = 8,122 individuals). Results from fixed effects regression indicate that men increase their commuting time when entering coresidential unions. For childless women, entering coresidential unions is not associated with changes in commuting time. Mothers reduce their commuting time on entering coresidential unions. Changes in labor income and domestic housework responsibilities, previously suggested as likely explanations, are not found to contribute to observed changes in commuting among those entering coresidential unions in this study. [ABSTRACT FROM AUTHOR]

Economic wealth is mostly assumed to be a household-level resource that is pooled by spouses in married couples. Using comprehensive data on the individual wealth of both spouses in married couples from the German Socio-Economic Panel Study ( N = 13,623 individuals), the author tests this assumption. To this end, the associations between individuals' wealth and their spouses' wealth with individuals' subjective financial well-being are examined. Results show that women's financial well-being is equally associated with their own individual wealth and their spouses' wealth in older birth cohorts. In younger birth cohorts, women's financial well-being is more strongly associated with their own individual wealth than with their spouses' wealth. For men from all birth cohorts, their own individual wealth is more strongly related to their financial well-being than is their spouses' wealth. These findings suggest that wealth is not generally and fully pooled and that individual ownership matters within married couples in Germany. [ABSTRACT FROM AUTHOR]

This study examines the association between marriage and economic wealth of women and men. Going beyond previous research that focused on household wealth, I examine personal wealth, which allows identifying gender disparities in the association between marriage and wealth. Using unique data from the German Socio-Economic Panel Study (2002, 2007, and 2012), I apply random-effects and fixed-effects regression models to test my expectations. I find that both women and men experience substantial marriage wealth premiums not only in household wealth but also in personal wealth. However, I do not find consistent evidence for gender disparities in these general marriage premiums. Additional analyses indicate, however, that women's marriage premiums are substantially lower than men's premiums in older cohorts and when only nonhousing wealth is considered. Overall, this study provides new evidence that women and men gain unequally in their wealth attainment through marriage. [ABSTRACT FROM AUTHOR]

A substantial body of evidence shows gender asymmetry in family migration, with women more likely to leave employment following migration than men. Gender ideologies, although yet not tested directly, have been proposed as one determinant for these asymmetries. Analyzing longitudinal data from the British Household Panel Survey (1991-2008) on 3,333 dual-earner couples with dyadic multilevel regression models, the author examined whether the association of family migration with subsequent employment is moderated by the gender ideologies of both partners. The existing literature is enriched by illustrating that women's gender ideologies do not moderate the association, but women with egalitarian partners are less likely to leave employment after family migration than those with traditional partners. No significant effects for men were found. Even after controlling for both partners' gender ideologies and relevant control variables, a substantial gender difference in the risk of leaving employment after family migration remains, meriting further research. [ABSTRACT FROM AUTHOR]

Many young people in Europe face employment insecurity, a condition which will likely persist following the global economic downturn that started with the financial crisis of 2007-08. Previous research has shown that employment insecurity impedes the entry into homeownership. It is, however, less clear how this delayed entry into homeownership is filtered by contextual arrangements at the country level. Using longitudinal data from the EU Statistics on Income and Living Conditions (2007-11), we confirm prior findings on the negative effect of employment insecurity across European countries. We also find contextual variations. In more marketised housing provision systems in Northern and Western Europe, where mortgages are readily available to those in secure employment, the negative effect of employment insecurity (relative to having secure employment) on the transition into homeownership is accentuated. In more familialistic systems with strongly regulated labour markets in Southern Europe, the difference between young people in different employment situations is smaller, yet still significant. We find similarsized differences between those in insecure and secure employment in the Baltic States, but not in the other Eastern and Central European countries, where housing shortages impede the entry into homeownership for young people across different employment positions. [ABSTRACT FROM AUTHOR]

Socialisation towards homeownership during childhood has been proposed as one transmission channel of homeownership across generations in previous literature, but tests of this socialisation hypothesis are scarce. This study presents the yet most rigorous test of the socialisation hypothesis using retrospective life-history data (SHARELIFE, N = 19,567 individuals) from 13 European countries. Event history and panel regression models are applied. Results show that socialisation in homeownership positively affects the hazard rates of entering homeownership for the first time and the probability to be a homeowner throughout individuals’ lives net of other parental background variables and material transfers. We find a socialisation effect across divergent (but not all) examined countries. Further sensitivity analyses using a placebo test and a hypothetical confounder support the conclusion that being socialised in homeownership during childhood increases the chances of becoming and being a homeowner in later life. [ABSTRACT FROM AUTHOR]

Neighbourhoods provide unequal resources and opportunities. Past research has shown that migrants are less able to move to more resourceful neighbourhoods. For Germany, cross-sectional evidence shows that migrants live in worse neighbourhoods on average, but no longitudinal analysis of changes in neighbourhood quality after residential mobility has been conducted. The present paper closes this gap and tests the place stratification model and the spatial assimilation model. Data from the German Socio-economic Panel and the MICROM dataset are used for the years 2000–09. The data are analysed using fixed-effects panel regression. The analysis shows that Turkish households are less able to improve their neighbourhood quality through moves compared with German households, while households with other ethnic backgrounds do not differ significantly from the native population. [ABSTRACT FROM PUBLISHER]