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Personality Traits and the Marriage Market

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Author Info

  • 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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Related research

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

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References

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  1. Arnaud Dupuy & Alfred Galichon, 2012. "Canonical Correlation and Assortative Matching: a remark," Working Papers 2012/40, Maastricht School of Management.
  2. Galichon, Alfred & Salanié, Bernard, 2010. "Matching with Trade-offs: Revealed Preferences over Competing Characteristics," CEPR Discussion Papers 7858, C.E.P.R. Discussion Papers.
  3. 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.
  4. Gustaf Bruze, 2011. "Marriage Choices of Movie Stars: Does Spouse’s Education Matter?," Journal of Human Capital, University of Chicago Press, vol. 5(1), pages 1 - 28.
  5. Pierre Chiapore & Climent Quintana Domeque & Sonia Oreffice, 2010. "Fatter attraction: anthropometric and socieconomic matching on the marriage market," Working Papers. Serie AD 2010-23, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  6. Richard Paap & Frank Kleibergen, 2004. "Generalized Reduced Rank Tests using the Singular Value Decomposition," Econometric Society 2004 Australasian Meetings 195, Econometric Society.
  7. Xavier Gabaix & Augustin Landier, 2006. "Why Has CEO Pay Increased So Much?," NBER Working Papers 12365, National Bureau of Economic Research, Inc.
  8. Nicolas Jacquemet & Jean-Marc Robin, 2011. "Marriage with labor supply," Documents de travail du Centre d'Economie de la Sorbonne 11050, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  9. Pierre-André Chiappori & Sonia Oreffice & Climent Quintana-Domeque, 2012. "Matching with a Handicap: The Case of Smoking in the Marriage Market," CHILD Working Papers Series 8, Centre for Household, Income, Labour and Demographic Economics (CHILD) - CCA.
  10. Robin, J.M. & Smith, R.J., 1995. "Tests of Rank," Cambridge Working Papers in Economics 9521, Faculty of Economics, University of Cambridge.
  11. Dan Anderberg, 2004. "Getting Hitched: The Equilibrium Marriage Market Behaviour of a British Cohort," Royal Holloway, University of London: Discussion Papers in Economics 04/12, Department of Economics, Royal Holloway University of London, revised Jul 2004.
  12. Linda Y. Wong, 2001. "Structural Estimation of Marriage Models," Computing in Economics and Finance 2001 222, Society for Computational Economics.
  13. Federico Echenique & Sangmok Lee & Matthew Shum & M. Bumin Yenmez, 2013. "The Revealed Preference Theory of Stable and Extremal Stable Matchings," Econometrica, Econometric Society, vol. 81(1), pages 153-171, 01.
  14. Oreffice, Sonia & Quintana-Domeque, Climent, 2010. "Anthropometry and socioeconomics among couples: Evidence in the United States," Economics & Human Biology, Elsevier, vol. 8(3), pages 373-384, December.
  15. Eugene Choo & Aloysius Siow, 2006. "Who Marries Whom and Why," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 175-201, February.
  16. Bernard Salanié & Alfred Galichon, 2011. "Cupid's Invisible Hand: Social Surplus and Identification in Matching Models," Discussion Papers 1011-03, Columbia University, Department of Economics.
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Cited by:
  1. Dupuy, Arnaud & Galichon, Alfred, 2012. "Canonical Correlation and Assortative Matching: A Remark," IZA Discussion Papers 6942, Institute for the Study of Labor (IZA).

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