Planning a wedding can be very pricey nowadays, especially if one splurges and goes for broke; wedding venue in Bangkok, fancy engagement ring, that sort of thing. According to a recent study, however, those who spend less on tying the knot keep it tied longer.
Two economics professors, Andrew Francis-Tan from the National University of Singapore, and Hugo M. Mialon from Emory University, surveyed 3,000 married individuals, and discovered certain characteristics that increased the probability of a married couple getting a divorce.
According to their data, the amount of money people spent on both their engagement ring and the ceremony itself was inversely associated with the length of their marriage, as well as the prioritization of the physical appearance of the betrotheds.
With regards to engagement rings, the researched noted that the more money spent, the higher the likelihood of a divorce, especially if the ring cost more than US$2,000 (£1,500). The paper explains that, within their sample size of men, spending between US$2,000 and US$4,000 (£3,000) on the engagement ring is associated with a 130% increase in the likelihood of a divorce compared to spending between USS$500 (£376) and US$2,000.
Similar findings were found regarding the cost of the ceremony itself, with weddings below US$1,000 (£753) showing a greatly reduced chance of divorce, while weddings costing more than US$20,000 (£15,000) increasing the chances of divorce by 1.6 in their sample of women.
The professors also found another characteristic of a wedding with a great impact on the chance for a divorce; how important physical appearance was in the decision to tie the knot. According to Prof. Mialon, reporting that the physical appearance of the partner was important in the choice to get wed has a significant association with shorter marriages.
For those looking for a wedding venue in Bangkok, there’s some good news, as the paper also noted that not all wedding expenditures were bad. The paper noted that, although spending more on the ring and the ceremony had a negative impact on the length of the wedding, going on a honeymoon had a significant association with longer marriages, suggesting that it’s better for newlyweds to go for a relaxing post-wedding vacation instead of splurging on the wedding and the ring.