how a person’s employment status affects cognitive well-being. Our results show that unemployment has a negative impact on … strengthens the loss in identity utility of men, but weakens that of women. Unemployment of a person’s partner reduces the …

interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states – employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …

the legal costs of divorce, on the interrelationships among the decisions on marriage, fertility and divorce …

: divorce has been introduced, and the number of marriages has decreased. We suggest that a taboo against divorce was part of … popular. We further notice that divorce is an extremely costly process, and once allowed it may act as an independent reason … subjectively evaluate the probability of facing a divorce using an availability heuristic …

and a temporary random shock to match quality. Couples whose match quality deteriorates may choose to divorce, and this is …, sophisticated couples – but not naive ones – may choose to enter marriage on terms which make divorce more costly to obtain. Third …, the inefficiencies in the behavior of time-inconsistent couples can be completely undone by means of earnings and divorce …

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 …. Symmetry in education (both spouses receive an equal amount of education) then acts like an insurance device in case of divorce …

in their marriages and with their family life, and are not only the least likely to divorce, but have had the biggest … decrease in divorce since the 1970s compared to women without a college degree. In contrast, there have been fewer changes in …

This paper presents an inter-temporal model of individual behavior with uncertainty about marriage and divorce and … higher marriage rates and higher divorce rates will be associated with higher savings rates in the presence of economies of …