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The Effects of... Fortunate Families? The Effects of Wealth on Marriage and Fertility David Cesarini, Erik Lindqvist, Robert Ostling & Anastasia Terskaya Share Twitter LinkedIn Email Working Paper 31039 DOI 10.3386/w31039 Issue Date March 2023 We estimate the effects of large, positive wealth shocks on marriage and fertility in a sample of Swedish lottery players. For male winners, wealth increases marriage formation and reduces divorce risk, suggesting wealth increases men's attractiveness as prospective and current partners. Wealth also increases male fertility. The only discernible effect on female winners is that wealth increases their short-run (but not long-run) divorce risk. Our results for divorce are consistent with a model where the wealthier spouse retains most of his/her wealth in divorce. In support of this assumption, we show divorce settlements in Sweden often favor the richer spouse. * Acknowledgements and Disclosures The study was supported by the Swedish Research Council (421-2011-2139 and 2022-02686), the Handelsbanken Research Foundation (P2011:0032:1), Riksbankens Jubileumsfond (P15-0514:1) and the Ragnar Soderberg Foundation (E4/17). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. * Download Citation (*) MARC ( ) RIS ( ) BibTeKh Download Citation Data * Associated Links + data appendix Related Topics Microeconomics Labor Economics Demography and Aging Programs Children Labor Studies Projects Gender in the Economy More from NBER In addition to working papers, the NBER disseminates affiliates' latest findings through a range of free periodicals -- the NBER Reporter, the NBER Digest, the Bulletin on Retirement and Disability, the Bulletin on Health, and the Bulletin on Entrepreneurship -- as well as online conference reports, video lectures, and interviews. 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