Authors
Pierre-André Chiappori, Sonia Oreffice, Climent Quintana-Domeque
Publication date
2018/2/1
Journal
Journal of the European Economic Association
Volume
16
Issue
1
Pages
161-198
Publisher
Oxford University Press
Description
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 1996–2003, we find that the hypotheses …
Total citations
2011201220132014201520162017201820192020202120222023202412252939987573
Scholar articles