Bidimensional Matching with Heterogeneous Preferences: Education and Smoking in the Marriage Market

Chiappori, PA, Oreffice, S and Quintana-Domeque, C (2016) Bidimensional Matching with Heterogeneous Preferences: Education and Smoking in the Marriage Market Journal of the European Economic Association.

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Abstract

We develop a frictionless matching model under transferable utility where individuals are characterized by a continuous trait and a binary attribute. The model incorporates attributes for which there are heterogeneous preferences in the population regarding their desirability, that is, the impact of the traits cannot be summarized by a one-dimensional attractiveness index. We present a general resolution strategy based on optimal control theory, and characterize the stable matching. We then consider education and smoking status, further specify the model by observing that there are more male than female smokers above each education level, and derive additional predictions about equilibrium matching patterns and how individuals with different smoking habits marry down or marry up by education. Using the CPS March and Tobacco Use Supplements for the period 1996 to 2003, we find that the hypotheses based on our model predictions are borne out in the data.

Item Type:	Article
Subjects :	Economics
Divisions :	Faculty of Arts and Social Sciences > School of Economics
Authors :	Name Email ORCID Chiappori, PA Oreffice, S Quintana-Domeque, C
Date :	2016
Copyright Disclaimer :	This is the peer reviewed version of the following article: Bidimensional Matching with Heterogeneous Preferences: Education and Smoking in the Marriage Market which will be published in final form at. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Uncontrolled Keywords :	multidimensional matching, marital surplus, smokers, socioeconomic status, transferable utility
Related URLs :	Publisher
Depositing User :	Symplectic Elements
Date Deposited :	14 Oct 2016 13:24
Last Modified :	31 Oct 2017 18:47
URI:	http://epubs.surrey.ac.uk/id/eprint/812442

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