Research
Do we marry for love of money?
Is love the sole basis for marriage? According to new
research from the Institute for Social and Economic Research partnership
decisions are partly based on perceptions of the likely future success of
a partner in the labour market. What's more, having a partner who is
highly educated and highly motivated boosts your earnings - and these
days, the benefits go as much to women as to men.
The research by Malcolm Brynin and Marco Francesconi examines the value
of marriage and partnership on the principle that both men and women gain
or lose materially depending on the type of partner they choose. They find
that:
· Individuals become more productive in the workplace and earn more,
the higher the 'human capital' of their partner.
· In earlier days, women generally did not work, and so the flow of
this benefit was entirely from her to him. Now that women are nearly as
fully engaged in employment as men, a process of equalisation is likely.
· Men and women who partner someone high human capital usually earn a
higher wage than other men or women of the same educational level.
· There is a positive relationship between someone's wages and the
relative human capital of both partners at the time of the formation of
the partnership. This suggests that partnership decisions might be partly
based on perceptions of the future labour market value of a partner.
The research argues that the marriage and employment markets overlap.
Although the home and workplace are mostly separate places, their
interconnections are more extensive than has generally been believed, and
these links have important implications for people's welfare.
It is income that counts most in forming an individual's welfare. The
way that most people can evaluate the future income of a prospective
partner is through their educational achievements but also their
motivation. Such characteristics work in both the labour market and in
partnership decisions, individuals considering to embark on a lasting
relationship will also want to know how successful the person they feel
close to might be in the future, not just in work but more generally.
IEE publish Essex graduate
An Essex graduate, John Anderson, has recently seen his
book on intelligent phone networks published by the Institution of
Electrical Engineers.
Intelligent Networks explores the technology behind introducing
intelligence into digital telephone networks. It includes a basic outline
of the principles behind Intelligent Networks (IN) and tracks the
application of the IN principle of separation of the service logic for
advanced telephony services from the underlying call control
infrastructures.
The book goes on to explain how large public networks are updated to
incorporate IN principles for advanced telephony services and is
illustrated using many practical examples.
As an alumnus from the University's Department of Electronic Systems
Engineering, John Anderson has aimed this book primarily at postgraduate
telecommunications students, although it will also be of interest to
engineers requiring a concise and practical introduction to IN.
Also in the printed March edition of Wyvern:
- Major new project on oil-eating bacterial
- Bookshelf