Bidimensional Matching with Heterogeneous Preferences: Education and Smoking in the Marriage Market
Chiappori, PA, Oreffice, Sonia and Quintana-Domeque, C (2016) Bidimensional Matching with Heterogeneous Preferences: Education and Smoking in the Marriage Market Journal of the European Economic Association, 16 (1). pp. 161-198.
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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 | ||||||||||||
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Subjects : | Economics | ||||||||||||
Divisions : | Faculty of Arts and Social Sciences > School of Economics | ||||||||||||
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Date : | 16 May 2016 | ||||||||||||
DOI : | 10.1093/jeea/jvx012 | ||||||||||||
Copyright Disclaimer : | This is the peer reviewed version of the following article: Pierre-André Chiappori, Sonia Oreffice, Climent Quintana-Domeque; Bidimensional Matching with Heterogeneous Preferences: Education and Smoking in the Marriage Market, Journal of the European Economic Association, Volume 16, Issue 1, 1 February 2018, Pages 161–198, https://doi.org/10.1093/jeea/jvx012, which has been published in final form at https://academic.oup.com/jeea/article/16/1/161/3829168. 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 | ||||||||||||
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Depositing User : | Symplectic Elements | ||||||||||||
Date Deposited : | 14 Oct 2016 13:24 | ||||||||||||
Last Modified : | 16 May 2019 02:08 | ||||||||||||
URI: | http://epubs.surrey.ac.uk/id/eprint/812442 |
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