marriage gap

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Derek Thompson writes that marriage is not a luxury good, based on results from a Bureau of Labor Statistics survey on marriage trends by education and race:

There have been a lot of articles this year comparing marriage to a "luxury good"--something the rich do and the poor avoid. It's not that simple. [...]

So why is it misleading to call marriage a "luxury good"? A luxury good is something the rich buy, and the poor don't. But the majority of practically every major demographic gets married before their 40s. That's not a luxury good. That's just ... a good.

Let's consider the divorce gap instead:

Divorce doesn't look like a luxury good; it looks like an inferior good. The richer you are, the less likely you are to do it. Divorce rates by age 46 are twice as high among high-school dropouts than college grads.

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This page contains a single entry by cognitivedissident published on October 30, 2013 2:45 PM.

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