Cremer, Helmuth; Pestieau, Pierre; Roeder, Kerstin - Institut d'Économie Industrielle (IDEI), Toulouse … - 2012
This paper studies how the risk of divorce a¤ects the human capital decisions of a young couple. We consider a setting where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk. Symmetry in education (both spouses receive an equal...