Panel data are used to estimate the effect of marital separation on labor supply. Female labor supply increases substantially and male labor supply declines marginally, lending support to the theory of specialization within the household. The most interesting finding is that women began to...

Even among households with similar socioeconomic characteristics, saving and wealth vary considerably. Life-cycle models attribute this variation to differences in time preference rates, risk tolerance, exposure to uncertainty, relative tastes for work and leisure at advanced ages, and income...