Abstract
Using fixed‐effects models and National Longitudinal Survey of Youth 1979 and National Longitudinal Survey of Youth 1997 data, we compared cohort, gender, and household specialization differences in the marriage premium. Do these premiums (a) persist among millennials, (b) reflect changing selection into marriage across cohorts, and (c) differ by the gender division of spousal work hours? Despite declining gender‐traditional household specialization, the millennial cohort garnered larger marriage premiums for women and men. Positive selection explained millenial women's marriage premiums, but less of men's. Household specialization mattered only among millennials, where it is gender neutral: Male and female breadwinners earned significantly larger marriage premiums, whereas husbands and wives specializing in nonmarket work earned no premium, or even penalties, when employed. Results show increasing disadvantage among breadwinner households, with dual earners most advantaged among millennials.
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