Brown Bag seminar in Economics | Mariia Kovaleva
Welcome to the Brown Bag Seminar in Economics organized by the Department of Economics, SSE. The seminar speaker is Mariia Kovaleva, ULB who will present "Personality Traits, Marriage Market, and Household Behavior".
Abstract
We develop an empirical framework to analyze the dynamic effect of personality traits in marriage market patterns and intrahousehold decisions. We exploit detailed information at the individual level from the HILDA survey about consumption, labor supply, time use, and personality traits (as measured by the Big Five). First, we document that personality types are related to marital and divorce patterns, time allocated to both market labor and non-market labor activities, and the evolution of earnings. Next, to rationalise these empirical facts, we build a life-cycle model that integrates endogenous household formation and collective household choices under limited commitment. In our framework, we allow personality to affect both wage offers and individual preferences. In the latter, personality traits enter indirectly through the intrahousehold production of a public good and the utility of marriage (match quality). We use the estimates of our model to conduct policy counterfactuals associated with sorting in the marriage market and intrahousehold behavior.
This seminar takes place at Stockholm School of Economics, Sveavägen 65, in room 350.
Please contact fanni.antal@hhs.se if you have any questions.