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Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
CESifo Working Paper No. 11198
Verlag: 
CESifo GmbH, Munich
Zusammenfassung: 
Based on a sample of elderly individuals from the Survey of Health, Ageing, and Retirement in Europe, we investigate the relationship between job and marital stability over the life cycle. We argue that an unobserved, time-varying social skill affects stability in both markets. Using a grouped fixed-effects estimator, we show that unobserved relationship stability in both markets is significantly and positively associated. Instability in both markets is associated with lower levels of trust and conscientiousness and higher levels of extraversion and neuroticism. The absence of the father during childhood perpetuates higher instability later in life. Higher instability is also costly since it is associated with lower levels of late-life well-being.
Schlagwörter: 
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
Dokumentart: 
Working Paper
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