Buzzfeed asked me if the outcome of the current budget debates in the US will affect people’s sex lives – you can see that article along with some very cool graphics here.
It is fairly well known that at the end of the marriage market couples seem to be tidily sorted over characteristics such as income, education, religion, height, beauty and even weight. And, of course, online dating sites allow singles to limit their search for the perfect mate according to these criterions. New economic research suggests that singles might appreciate being able to filter their searches even further – to potential partners whose parents have similar wealth levels as their own.
It is widely known that the income gap between the rich and the poor in North America over the past 30 years has evolved from a narrow crack to a yawning fissure. You may be tempted to think that this is only problem for the poor—and that those who have seen their incomes climb have suffered no adverse effects as a result of the divide. New research (incidentally by one of my favourite economists, Robert Frank) shows that rising inequality is driving up the divorce rate and it isn’t poverty that is the culprit; it is the constant pursuit of keeping up with your neighbours.