Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/268923 
Year of Publication: 
2022
Series/Report no.: 
CEBI Working Paper Series No. 20/22
Publisher: 
University of Copenhagen, Department of Economics, Center for Economic Behavior and Inequality (CEBI), Copenhagen
Abstract: 
Behavior in labor and marriage markets follows similar structures when it comes to commitment to long-term relationships. We argue that there is a joint social skill driving stability in both markets. Applying a grouped fixed-effect estimator on data from the Survey of Health, Ageing and Retirement in Europe, we identify types of individuals at risk of instability in both domains. We provide evidence on how economic preferences and personality are related to instability in both markets. We also show negative consequences of instability in terms of reduced life satisfaction and wealth late in life.
Subjects: 
Relationship Stability
Marriage dissolution
Job turnover
Social Skills
Non-Cognitive Skills
Grouped Fixed-Effect Estimator
Survey of Health
Ageing and Retirement in Europe
JEL: 
J12
J24
J63
I31
C33
Document Type: 
Working Paper

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