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Personality Traits and the Marriage Market

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  • Dupuy, Arnaud

    ()
    (CEPS/INSTEAD)

  • Galichon, Alfred

    ()
    (Sciences Po, Paris)

Abstract

Which and how many attributes are relevant for the sorting of agents in a matching market? This paper addresses these questions by constructing indices of mutual attractiveness that aggregate information about agents' attributes. The first k indices for agents on each side of the market provide the best approximation of the matching surplus by a k-dimensional model. The methodology is applied on a unique Dutch household survey containing information about education, height, BMI, health, attitude towards risk and personality traits of spouses. Three important empirical conclusions are drawn. First, sorting in the marriage market is not unidimensional: individuals face important trade-offs between the attributes of their spouses which are not amenable to a single-dimensional index. Second, although education explains a quarter of a couple's observable surplus, personality traits explain another 20%. Third, different personality traits matter differently for men and for women.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 6943.

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Length: 43 pages
Date of creation: Oct 2012
Date of revision:
Publication status: forthcoming in: Journal of Political Economy, 2014
Handle: RePEc:iza:izadps:dp6943

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Keywords: multidimensional sorting; saliency analysis; marriage market; personality traits; continuous logit;

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References

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  1. Marko Tervio, 2008. "The Difference That CEOs Make: An Assignment Model Approach," American Economic Review, American Economic Association, vol. 98(3), pages 642-68, June.
  2. Pierre-André Chiappori & Sonia Oreffice & Climent Quintana-Domeque, 2011. "Matching with a Handicap: The Case of Smoking in the Marriage Market," Working Papers 2011-017, Human Capital and Economic Opportunity Working Group.
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  6. Pierre Chiapore & Climent Quintana Domeque & Sonia Oreffice, 2010. "Fatter attraction: anthropometric and socieconomic matching on the marriage market," Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 2010-23, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
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  15. Arnaud Dupuy & Alfred Galichon, 2012. "Canonical Correlation and Assortative Matching: a remark," Working Papers 2012/40, Maastricht School of Management.
  16. Nicolas Jacquemet & Jean-Marc Robin, 2011. "Marriage with Labor Supply," Sciences Po publications info:hdl:2441/eu4vqp9ompq, Sciences Po.
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Citations

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Cited by:
  1. DUPUY Arnaud & GALICHON Alfred & HENRY Marc, 2014. "Entropy methods for identifying hedonic models," CEPS/INSTEAD Working Paper Series 2014-07, CEPS/INSTEAD.
  2. Laurens CHERCHYE & Thomas DEMUYNCK & Bram DE ROCK & Frederic VERMEULEN, 2014. "Household consumption when the marriage is stable," Center for Economic Studies - Discussion papers, Katholieke Universiteit Leuven, Centrum voor Economische Studiën ces14.08, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
  3. Abi ADAMS & Laurens CHERCHYE & Bram DE ROCK & Ewout VERRIEST, 2012. "Consume now or later? Time inconsistency, collective choice and revealed preference," Center for Economic Studies - Discussion papers, Katholieke Universiteit Leuven, Centrum voor Economische Studiën ces12.12, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
  4. Dupuy, Arnaud & Galichon, Alfred, 2012. "Canonical Correlation and Assortative Matching: A Remark," IZA Discussion Papers 6942, Institute for the Study of Labor (IZA).
  5. DUPUY Arnaud & GALICHON Alfred, 2014. "Canonical correlation and assortative matching: A remark," CEPS/INSTEAD Working Paper Series 2014-10, CEPS/INSTEAD.
  6. Oreffice, Sonia, 2014. "Season of Birth and Marital Outcomes," IZA Discussion Papers 8348, Institute for the Study of Labor (IZA).

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