How can I not link to a new Sam Peltzman piece on such a topic? Here goes:
Since 1972, the General Social Survey has periodically asked whether people are happy with Yes, Maybe or No type answers. Here I use a net “happiness” measure, which is percentage Yes less percentage No with Maybe treated as zero. Average happiness is around +20 on this scale for all respondents from 1972 to the last pre-pandemic survey (2018). However, there is a wide gap of around 30 points between married and unmarried respondents. This “marital premium” is this paper’s subject. I describe how this premium varies across and within population groups. These include standard socio demographics (age, sex, race education, income) and more. I find little variety and thereby surface a notable regularity in US socio demography: there is a substantial marital premium for every group and subgroup I analyze, and this premium is usually close to the overall 30-point average. This holds not just for standard characteristics but also for those directly related to marriage like children and sex (and sex preference). I also find a “cohabitation premium”, but it is much smaller (10 points) than the marital premium. The analysis is mainly visual, and there is inevitably some interesting variety across seventeen figures, such as a 5-point increase in recent years.
Via the excellent, and married, Kevin Lewis.
The post The Anatomy of Marital Happiness appeared first on Marginal REVOLUTION.
