Quantitative Economics
Journal Of The Econometric Society
Edited by: Stéphane Bonhomme • Print ISSN: 1759-7323 • Online ISSN: 1759-7331
Edited by: Stéphane Bonhomme • Print ISSN: 1759-7323 • Online ISSN: 1759-7331
Quantitative Economics: Jul, 2024, Volume 15, Issue 3
https://doi.org/10.3982/QE2306
p. 737-781
Pierre‐André Chiappori, Edoardo Ciscato, Carla Guerriero
Social scientists have long been interested in marital homogamy and its relationship with inequality. However, measuring homogamy is not straightforward, particularly when one is interested in assessing marital sorting based on multiple traits. In this paper, we argue that Separate Extreme Value (SEV) models not only generate a matching function with several desirable theoretical properties, but they are also suited for the study of multidimensional sorting. Specifically, we use rich small‐scale survey data to examine sorting among parents of school‐age children in Naples. We show that homogamy is pervasive; not only do men and women sort by age, education, and physical characteristics, but they also look for partners that share similar health‐related behavior and risk attitude. However, we also show that these marital patterns are well explained by a low number of dimensions, the most important being age cohort and human capital. In particular, human capital relates to various “outcomes” of the post‐matching relationship. Children of parents with a high human capital endowment perform better at school, although they report lower levels of subjective well‐being and of perceived quality of relationship with their mothers.
Pierre-André Chiappori, Edoardo Ciscato and Carla Guerriero
The replication package for this paper is available at https://doi.org/10.5281/zenodo.10721263. The Journal checked the data and codes included in the package for their ability to reproduce the results in the paper and approved online appendices.