Love and Money by Parental Matchmaking: Evidence from Urban Couples in China
Author(s) -
Fali Huang,
Ginger Zhe Jin,
Lixin Colin Xu
Publication year - 2012
Publication title -
american economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 16.936
H-Index - 297
eISSN - 1944-7981
pISSN - 0002-8282
DOI - 10.1257/aer.102.3.555
Subject(s) - spouse , china , welfare , sample (material) , altruism (biology) , social psychology , economics , psychology , demographic economics , attraction , labour economics , sociology , political science , chemistry , chromatography , anthropology , law , market economy , linguistics , philosophy
Parental involvement in marriage matchmaking may distort the optimal spouse choice because parents are willing to substitute love for money. The rationale is that the joint income of married children can be shared among extended family members more easily than mutual attraction felt by the couple themselves, and as a result, the best spouse candidate in the parents' eyes can differ from what is optimal to the individual, even though parents are altruistic and care dearly about their children's welfare. We find supporting evidence for this prediction using a unique sample of urban couples in China in the early 1990s.
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