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 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 …

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

more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes. …In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the …