Multiple Traits in the Marriage Market: Does Diversity Sometimes Win?
AbstractA critical part of forming a long-term partnership, be it marriage, employment, co-authorship or some other commitment, is having to trade off among the various traits of one's potential partners. The nature of this trade-off depends both on the type of commitment being considered, as well as on the person making the commitment. In this paper I focus on the impact that this trade-off has on the marriage market equilibrium. Agents differ from one another along more than one trait, and preferences over traits is not homogenous. This implies that all agents do not agree completely on the desirability of potential partners. I characterize both the core allocation as well as the equilibrium that results when there are costly search frictions. The main finding is that in the presence of frictions, an individual who is moderately appealing to diverse tastes among the opposite sex may make a better match than someone who is found to be stunning by one group, but leaves the others cold. Assortative matching patterns emerge along more than one dimension, with the result that there is positive correlation along more than one trait in matched individuals.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Econometric Society in its series Econometric Society World Congress 2000 Contributed Papers with number 1666.
Date of creation: 01 Aug 2000
Date of revision:
Contact details of provider:
Phone: 1 212 998 3820
Fax: 1 212 995 4487
Web page: http://www.econometricsociety.org/pastmeetings.asp
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Harold L. Cole & George J. Mailath & Andrew Postlewaite, .
""Efficient Non-Contractible Investments'',"
CARESS Working Papres
98-13, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- Harold L. Cole & George J. Mailath & Andrew Postlewaite, 1998. "Efficient non-contractible investments," Staff Report 253, Federal Reserve Bank of Minneapolis.
- Harold L. Cole & George J. Mailath & Andrew Postlewaite, . "Efficient Non-Contractible Investments," Penn CARESS Working Papers 08d6793d32cab8f6e1f46dac0, Penn Economics Department.
- Shimer, R. & Smith, L., 1998.
"Assortive Matching and Search,"
98-09, Michigan - Center for Research on Economic & Social Theory.
- Shimer, R. & Smith, L., 1997. "Assortative Matching and Search," Working papers 97-2a, Massachusetts Institute of Technology (MIT), Department of Economics.
- Shimer, R. & Smith, L., 1997. "Assortative Matching and Search," Working papers 97-2b, Massachusetts Institute of Technology (MIT), Department of Economics.
- Ken Burdett & Randall Wright, 1998.
"Two-Sided Search with Nontransferable Utility,"
Review of Economic Dynamics,
Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 220-245, January.
- Gretsky, Neil E & Ostroy, Joseph M & Zame, William R, 1992.
"The Nonatomic Assignment Model,"
Springer, vol. 2(1), pages 103-27, January.
- Jan Eeckhout, 1996.
"Bilateral Search and Vertical Heterogeneity,"
STICERD - Theoretical Economics Paper Series
315, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Laitner, J., 1990. "Marriage and Neutrality," Papers 90-13, Michigan - Center for Research on Economic & Social Theory.
- Sattinger, Michael, 1993. "Assignment Models of the Distribution of Earnings," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 831-80, June.
- Burdett, Ken & Coles, Melvyn G, 1997. "Marriage and Class," The Quarterly Journal of Economics, MIT Press, vol. 112(1), pages 141-68, February.
- Bloch, Francis & Ryder, Harl, 2000.
"Two-Sided Search, Marriages, and Matchmakers,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(1), pages 93-115, February.
- Burdett, Kenneth & Coles, Melvyn G, 1999. "Long-Term Partnership Formation: Marriage and Employment," Economic Journal, Royal Economic Society, vol. 109(456), pages F307-34, June.
- Kaneko, Mamoru & Wooders, Myrna Holtz, 1986. "The core of a game with a continuum of players and finite coalitions: The model and some results," Mathematical Social Sciences, Elsevier, vol. 12(2), pages 105-137, October.
- Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-46, July-Aug..
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).
If references are entirely missing, you can add them using this form.