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(Bloomberg) – Inheritance is more attractive than income when it comes to Germans and marriage.
The money that could be passed on by the family is what interests Germans looking for a spouse, according to an article published by the Bundesbank. In this one, the economist Junyi Zhu and Etienne Pasteau of the Paris School of Economics write that inheritance is about two-and-a-half times greater than income to explain marital choices in the largest economy of the world. # 39; Europe.
the preferences they discovered are not necessarily consciously developed. What we observe is a symptom of social stratification – the grouping of people in different classes of society – and the growing importance of wealth inherited from annual income in Germany. And that does not mean that marriage comes down to financial interests.
"Such a cynical view of marriage would be contrary to the dominant view of partnership, based largely on mutual affection," write Zhu and Pasteau. "However, we can not exclude a priori the possibility that individuals take this information into account in the marital market."
After all, an important legacy "can substantially increase the starting point of a couple's standard of living". And some people may just have "strong dynastic preferences".
The study concludes that the situation in Germany is very similar to that of France. This is despite the fact that aristocratic wealth in Germany has declined significantly since the Second World War and that a large part of the country was under Communist rule in the second half of the last century. Yet, in recent decades, there has been a "resurgence of wealth inequality that may have renewed the importance of inherited wealth in marriage choices," the researchers write.
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