Repository logo
 

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

Accepted version
Peer-reviewed

Type

Article

Change log

Authors

Flinn, CJ 
Todd, PE 

Abstract

© 2017 Elsevier B.V. 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.

Description

Keywords

38 Economics, 3801 Applied Economics, 5 Gender Equality

Journal Title

European Economic Review

Conference Name

Journal ISSN

0014-2921

Volume Title

109

Publisher

Elsevier BV