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Partnerships continue to be determined by mutual considerations of the economic value of prospective partners. Whereas in the past this worked through property or income, the basis for assessment is now given by several facets of an individual’s human capital, some of which are observed only by marriage candidates but not by social researchers. This gives an indication not only of the suitability of a prospective partner but also of that person’s employment prospects and future labour market success. Using the first nine waves of the British Household Panel Survey (1991-1999), we employ a two-stage estimation procedure to identify these uncertificated components of human capital first, and then test whether or not they affect labour market outcomes. We find that wages and occupational prestige scores are significantly affected by such unobservables, and that their effects have increasingly become more symmetrical by gender over time. They are also systematically correlated to partners’ labour market outcomes in a way that may favour women more than men. (ISER)
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Revised and updated to reflect current thinking on science and practice in employee selection, this volume features a diverse group of scholars who balance theory, research, and practice in their chapters, often taking a global perspective.
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This paper investigates the links between the socio-economic position of parents and the socio-economic position of their offspring and, through the marriage market, the socio-economic position of their offspring's parents-in-law. Using the Goldthorpe-Hope score of occupational prestige as a measure of status and samples drawn from the British Household Panel Survey 1991-1999, we find that the intergenerational elasticity is around 0.2 for men and between 0.17 and 0.23 for women. On average, the intragenerational correlation is lower, and of the order of 0.15 to 0.18, suggesting that the returns to human capital, which is transmitted across generations by altruistic parents, contribute more to social status than assortative mating in the marriage market. Substantially higher estimates are reported when measurement error is accounted for. We also find strong nonlinearities, whereby both inter- and intra-generational elasticities tend to increase with parental status. (ISER)
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