Abstract

This article employs a unique data set from 1993 with 7,063 working men and women from Trinidad and Tobago to examine the impact of ethnicity and socioeconomic status upon marital earnings premiums. It finds a significant marriage premium for both males and females. Ethnicity is found to play a crucial role in marital premiums with more advantaged ethnic groups having generally higher premiums. This result is strengthened when controlling for socioeconomic status, which is found to increase the size of marital premiums for all workers, regardless of gender or ethnicity. Earnings regressions with endogenous marital status confirm these results and further highlight the importance of socioeconomic status.

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