Coupling Couples with Copulas: Analysis of Assortative Matching on Risk Attitude

  title={Coupling Couples with Copulas: Analysis of Assortative Matching on Risk Attitude},
  author={Aristidis K. Nikoloulopoulos and Peter G. Moffatt},
  journal={Macroeconomics: Production \& Investment eJournal},
We investigate patterns of assortative matching on risk attitude, using self‐reported (ordinal) data on risk attitudes for males and females within married couples, from the German Socio‐Economic Panel over the period 2004–2012. We apply a novel copula‐based bivariate panel ordinal model. Estimation is in two steps: first, a copula‐based Markov model is used to relate the marginal distribution of the response in different time periods, separately for males and females; second, another copula is… 
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