It is pointed out that changes in the marriage market of British aristocrats have affected public policy
Traditionally, British aristocrats had a place to match single women, but there were times when the place wasn't offered, which changed the market and ultimately even affected public policy. Was published.
Assortative Matching at the Top of the Distribution: Evidence from the World's Most Exclusive Marriage Market --American Economic Association
What happened when the rich stopped intermarrying
https://www.axios.com/2022/07/02/what-happened-when-the-rich-stopped-intermarrying
The study was published by Marc Goñi, an economist at the University of Bergen, Norway, and was published in the American Economic Journal: Applied Economics, Issue 14, 2022.
Using new data on marriages of British aristocrats, Goñi found that low search costs and gaps in the marriage market lead to selection.
According to Goñi, 19th-century British aristocrats had a mechanism called the ' London Season ' that matched single women with aristocratic children. Around 1860 was the peak of the 'London season', during which British aristocrats are considered to be 'most exclusive.' Invitations for the 'London Season' will only be received by high social status aristocrats, who will have to pay a higher participation fee and only be a child of a naturally rich aristocrat.
However, in December 1861, Queen Victoria 's husband, Albert , died. Due to Queen Victoria's mourning, the 'London Season' from 1861 to 1863 was canceled, and the aristocratic daughters could not meet the aristocratic children and married aristocrats and commoners who could not participate in the 'London Season'. Did. According to Goñi's research, marriages with commoners increased by 40% and selection by wealth decreased by 30%.
This type of marriage also affected female siblings and fathers, reducing the proportion of siblings in parliament by 50%. In the constituencies where local aristocrats are no longer members of parliament, the introduction of public education, which was enacted in the 1870s, has begun to lubricate.
note that. According to news site Axios, let's recreate the 'London season' by selling 'the right people and the connections and networks that attract the right people' for a minimum of £ 15,000. It seems that the matchmaker that is supposed to be is still in existence.
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in Note, Posted by logc_nt