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From an economic perspective, marriage and long-term partnership can be seen as a risk-pooling device. This informal insurance contract is, however, not fully enforceable. Each partner is free to leave when his or her support is needed in case of an adverse life event. An adverse health shock is...
Persistent link: https://www.econbiz.de/10012320265
well-being and separation. We first estimate the marital surplus using a simple matching model of the marriage market with … estimates of the marital surplus are negatively correlated with separation and the difference in spouses' subjective …
Persistent link: https://www.econbiz.de/10011956999