Personality traits, intra-household allocation and the gender wage gap

Christopher Flinn, Petra E. Todd, Weilong Zhang

    Research output: Contribution to journalArticle

    Abstract

    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.

    Original languageEnglish (US)
    JournalEuropean Economic Review
    DOIs
    StateAccepted/In press - Jan 1 2017

    Fingerprint

    Gender wage gap
    Intra-household allocation
    Personality traits
    Wages
    Household bargaining
    Big Five
    Household income
    Spouses
    Simulated method of moments
    Time allocation
    Household
    Labour market
    Household models
    Resource allocation
    Labor

    Keywords

    • Gender wage differentials
    • Household bargaining
    • Personality and economic outcomes
    • Time allocations

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

    Cite this

    Personality traits, intra-household allocation and the gender wage gap. / Flinn, Christopher; Todd, Petra E.; Zhang, Weilong.

    In: European Economic Review, 01.01.2017.

    Research output: Contribution to journalArticle

    Flinn, Christopher ; Todd, Petra E. ; Zhang, Weilong. / Personality traits, intra-household allocation and the gender wage gap. In: European Economic Review. 2017.
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