Bruze, Gustaf; Svarer, Michael; Weiss, Michael Yoram - School of Economics and Management, University of Aarhus - 2012
We formulate and estimate a dynamic model of marriage, divorce, and remarriage using 27 years of panel data for the entire Danish cohort born in 1960. The marital surplus is identified from the probability of divorce, and the surplus shares of husbands and wives from their willingness to enter...