TY - JOUR
T1 - Personality traits, intra-household allocation and the gender wage gap
AU - Flinn, Christopher J.
AU - Todd, Petra E.
AU - Zhang, Weilong
N1 - Publisher Copyright:
© 2017 Elsevier B.V.
PY - 2018/10
Y1 - 2018/10
N2 - A model of how personality traits affect household time and resource allocation decisions and wages is developed and estimated. In the model, households choose between two behavioral modes: cooperative or noncooperative. Spouses receive wage offers and allocate time to supplying labor market hours and to producing a public good. Personality traits, measured by the so-called Big Five traits, can affect household bargaining weights and wage offers. Model parameters are estimated by Simulated Method of Moments using the Household Income and Labor Dynamics in Australia (HILDA) data. Personality traits are found to be important determinants of household bargaining weights and of wage offers and to have substantial implications for understanding the sources of gender wage disparities.
AB - A model of how personality traits affect household time and resource allocation decisions and wages is developed and estimated. In the model, households choose between two behavioral modes: cooperative or noncooperative. Spouses receive wage offers and allocate time to supplying labor market hours and to producing a public good. Personality traits, measured by the so-called Big Five traits, can affect household bargaining weights and wage offers. Model parameters are estimated by Simulated Method of Moments using the Household Income and Labor Dynamics in Australia (HILDA) data. Personality traits are found to be important determinants of household bargaining weights and of wage offers and to have substantial implications for understanding the sources of gender wage disparities.
KW - Gender wage differentials
KW - Household bargaining
KW - Personality and economic outcomes
KW - Time allocations
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U2 - 10.1016/j.euroecorev.2017.11.003
DO - 10.1016/j.euroecorev.2017.11.003
M3 - Article
AN - SCOPUS:85038898721
SN - 0014-2921
VL - 109
SP - 191
EP - 220
JO - European Economic Review
JF - European Economic Review
ER -