SMRs and AMRs

Wednesday, October 13, 2010

How Marriage Survives

By JUSTIN WOLFERS
NYT

Washington

THE recession has taken a toll on the institution of marriage, we keep hearing. Last month, for instance, when it was reported that the proportion of Americans aged 25 to 34 who are married fell below the proportion who have never married, it was quickly attributed to the economic downturn. Young adults, according to this narrative, have less money to spend on a wedding and are less eager to enter into a lifetime commitment during times of uncertainty.

Again last week, when a report from the Pew Research Center noted that, for the first time, college-educated 30-year-olds were more likely to have been married than were people the same age without a college degree, the news was interpreted as another side effect of the recent recession. After all, the downturn has been especially hard on young men with no college degree.

But if you look at marriage in the United States over the past century, this interpretation doesn’t stand up. Marriage and divorce rates have remained remarkably immune to the ups and downs of the business cycle. Unfortunately, the marriage statistics are easy to misread.

It’s misleading to count the wedding rings among people in their 20s and early 30s, because the median age at first marriage in the United States has risen to 28 for men (from 23 in 1970) and 26 for women (from 21 in 1970). The fact that these folks aren’t married now doesn’t mean they won’t marry — many of them just aren’t there yet.

(More here.)

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