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We used over 20 years of data to estimate differences in mothers' wealth across marital biography, following a marital first birth. Our study is the first to account for the selection of mothers into divorce or remarriage when estimating the role that marital history plays in wealth accumulation. Mothers who remained stably married to the biological father of their firstborn child reported greater wealth in their forties than mothers who divorced and did not remarry. Those who married at younger ages, women of color, and women from lower-income families were less likely to remain stably married. Net of selection, mothers who remained remarried had the same wealth as continuously married mothers. Thus the characteristics that predispose mothers to divorce, and not divorce per se, are linked to lower wealth. Once these selection effects were accounted for, we concluded that divorce was not necessarily detrimental to mothers' economic security, a new finding that contradicts past studies. [ABSTRACT FROM AUTHOR]

We use more than 20 years of data from the National Longitudinal Survey of Youth 1979 to examine wealth trajectories among mothers following a nonmarital first birth. We compare wealth according to union type and union stability, and we distinguish partners by biological parentage of the firstborn child. Net of controls for education, race/ethnicity, and family background, single mothers who enter into stable marriages with either a biological father or stepfather experience significant wealth advantages over time (more than $2,500 per year) relative to those who marry and divorce, cohabit, or remain unpartnered. Sensitivity analyses adjusting for unequal selection into marriage support these findings and demonstrate that race (but not ethnicity) and age at first birth structure mothers' access to later marriage. We conclude that not all single mothers have equal access to marriage; however, marriage, union stability, and paternity have distinct roles for wealth accumulation following a nonmarital birth. [ABSTRACT FROM AUTHOR]