Does personality affect the allocation of resources within households?

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Tác giả: Gastón P Fernández

Ngôn ngữ: eng

Ký hiệu phân loại: 155.94 Influence of community and housing

Thông tin xuất bản: 2023

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 197636

This paper examines whether personality influences the allocation of resources within households. To do so, I model households as couples who make Pareto-efficient allocations and divide resources according to a distribution function. Using a sample of Dutch couples from the LISS survey with detailed information on consumption, labor supply, and personality traits at the individual level, I find that personality affects intrahousehold allocations through two channels. Firstly, the level of these traits acts as preference factors that shape individual tastes for consumed goods and leisure time. Secondly, by testing distribution factor proportionality and the exclusion restriction of a conditional demand system, I observe that differences in personality between spouses act as distribution factors. Specifically, these differences in personality impact the allocation of resources by affecting the bargaining process within households. For example, women who are relatively more conscientious, have higher self-esteem, and engage more cognitively than their male partners receive a larger share of intrafamily resources.
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