Wednesday, April 17, 2019

Economic Benefits of REAL Marriage

Scientific evidence makes it clear that marriage I a wealth-producing institution, not merely a cultural value or a consumer good. Marriage boosts wealth in part because it points men and women toward productive, sober, steady behavior that pays off for families, for businesses, and for society. But marriage also boosts wealth and productivity for the same reason that other partnerships do: By sharing the burden of domestic and market work, married persons actually produce more working together than either would alone.

Married workers are, on average, more productive workers. The marriage premium (higher wages) earned by married men is one of the most well-documented phenomena is social science. “Typically,” write labor economists Sanders Korenman and David Neumark, wage “differentials are in the 10% to 40% range—roughly as large as race, firm-size, and union wage differentials, as well as differentials across industries.” The longer a man stays married, the higher his marriage premium, even after controlling for other factors.

Maggie Gallagher, “Why Supporting Marriage Makes Business Sense.”  Corporate Research Council paper.

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