Bidimensional Matching with Heterogeneous Preferences: Smoking in the Marriage Market
AbstractWe develop a bidimensional matching model under transferable utility, where individuals are characterized by a continuous trait (e.g., socioeconomic status) and a binary attribute (e.g., smoking status).� The model is "truly multidimensional", in the sense that the impact of the traits cannot be summarized by a one-dimensional index.� We present a general resolution strategy based on optimal control theory, and characterize the stable matching.� We derive testable predictions about equilibrium matching patterns.� Using US data, we find that the observed marital sorting of smokers and non-smokers by education is consistent with our model.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 696.
Date of creation: 29 Jan 2014
Date of revision:
Marriage market; multidimensional matching; continuous and discrete characteristics; heterogeneous preferences;
Find related papers by JEL classification:
- D1 - Microeconomics - - Household Behavior
- J1 - Labor and Demographic Economics - - Demographic Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-11 (All new papers)
- NEP-DCM-2014-04-11 (Discrete Choice Models)
- NEP-GER-2014-04-11 (German Papers)
- NEP-GTH-2014-04-11 (Game Theory)
- NEP-UPT-2014-04-11 (Utility Models & Prospect Theory)
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