This paper studies how the risk of divorce affects 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 … symmetric allocation will become more attractive as the probability of divorce increases, if risk aversion is high and/or labor …

of these custody law reforms on the incidence of marriage and divorce. Our identification strategy exploits the different …Since the 1970s almost all states have introduced a form of joint custody after divorce. We analyze the causal effect … data suggest that the introduction of joint custody led to a long-run increase in marriage rates. There is no convincing …

examine the effects of marriage legislation, matrimonial property regime, and divorce court sentencing practice, on the …We use elementary game-theoretical concepts to compare domestic equilibria with and without marriage. In particular, we … decision to marry, and on the choice of game conditional on marriage. We find that, in the absence of social stigma or legal …

This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a …

. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of … marriage markets will naturally tend to be hypergamous – that is, a marriage is more likely to be beneficial to both parties … goes up. The model sheds light on how marriage affects the returns to human capital for men and women. Absent marriage …

If participation in the labor market helps to secure women's outside options in the case of divorce/separation, an … increase in the perceived risk of marital dissolution may accelerate the increase in female labor supply. This simple … prediction has been tested in the literature using time and/or spatial variation in divorce legislation (e.g., across US states …

We document key facts about marriage and divorce, comparing trends through the past 150 years and outcomes across … the life cycle has changed, reflecting rising age at first marriage, rising divorce followed by high remarriage rates, and … demographic groups and countries. While divorce rates have risen over the past 150 years, they have been falling for the past …