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Personality Traits and the Marriage Market

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Author Info

  • Arnaud Dupuy

    (Reims Management School, Maastricht School of Management and IZA. Address: Reims Management School (RMS), 59, rue Pierre Taittinger - 51100 Reims, France. Email: arnaud.dupuy@reims-ms.fr.)

  • Alfred Galichon

    (Sciences Po Paris, Department of Economics, Address: 28 rue des Saint-Pères, 75007 Paris, France. E-mail: alfred.galichon@sciences-po.fr.)

Abstract

Which and how many attributes are relevant for the sorting of agents in a matching market? This paper adresses these questions by constructing indices of mutual attractiveness that aggregate information about agents' attributes. The rst 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 households 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-o s between the attributes of their spouses which are not amenable to a singledimensional index. Second, although education explains a quarter of a couple's observable surplus, personality traits explain another 20%. Third, di erent personality traits matter di erently for men and for women.

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File URL: http://web2.msm.nl/RePEc/msm/wpaper/MSM-WP2012-41.pdf
File Function: First version, 2012
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Bibliographic Info

Paper provided by Maastricht School of Management in its series Working Papers with number 2012/41.

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Length: 43 pages
Date of creation: Oct 2012
Date of revision:
Handle: RePEc:msm:wpaper:2012/41

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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. 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.
  2. Linda Y. Wong, 2001. "Structural Estimation of Marriage Models," Computing in Economics and Finance 2001 222, Society for Computational Economics.
  3. Gabaix, Xavier & Landier, Augustin, 2008. "Why Has CEO Pay Increased So Much?," Open Access publications from University of Toulouse 1 Capitole http://neeo.univ-tlse1.fr, University of Toulouse 1 Capitole.
  4. Richard Paap & Frank Kleibergen, 2004. "Generalized Reduced Rank Tests using the Singular Value Decomposition," Econometric Society 2004 Australasian Meetings 195, Econometric Society.
  5. Pierre-Andre Chiappori & Sonia Oreffice & Climent Quintana-Domeque, 2011. "Matching with a Handicap: The Case of Smoking in the Marriage Market," Discussion Papers 1011-07, Columbia University, Department of Economics.
  6. Nicholas Jacquemet & Jean-Marc Robin, 2011. "Marriage with Labor Supply," 2011 Meeting Papers 446, Society for Economic Dynamics.
  7. 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.
  8. 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.
  9. Galichon, Alfred & Salanié, Bernard, 2010. "Matching with Trade-offs: Revealed Preferences over Competing Characteristics," CEPR Discussion Papers 7858, C.E.P.R. Discussion Papers.
  10. Pierre-André Chiappori & Sonia Oreffice & Climent Quintana-Domeque, 2010. "Fatter Attraction: Anthropometric and Socioeconomic Matching on the Marriage Market," Working Papers 2011-012, Human Capital and Economic Opportunity Working Group.
  11. 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.
  12. Arnaud Dupuy & Alfred Galichon, 2012. "Canonical Correlation and Assortative Matching: a remark," Working Papers 2012/40, Maastricht School of Management.
  13. Robin, J.M. & Smith, R.J., 1995. "Tests of Rank," Cambridge Working Papers in Economics 9521, Faculty of Economics, University of Cambridge.
  14. 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.
  15. 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.
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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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