The present paper aims to quantify the growth and welfare consequences of changing family structures in western … the marital status as a stochastic process. Individuals respond to these shocks by adjusting savings and labor supply. Our … quantitative results indicate that the declining number of marriages coupled with increasing divorce rates had a profound effect on …

risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be … multiple equilibria diering not only in divorce rates but also in the role of marriage in providing informal insurance …This paper considers family formation and reciprocity-based cooperation in the form of sharing of earnings-risk. While …

) use of marriage is affected by the possibility of divorce. -- post-marital education ; marriage contract ; 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 …

) use of marriage is affected by the possibility of divorce. -- post-marital education ; marriage contract ; 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 …

risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be … multiple equilibria differing not only in divorce rates but also in the role of marriage in providing informal insurance …This paper considers family formation and reciprocity-based cooperation in the form of sharing of earnings-risk. While …

marriage as well as for a precautionary savings motive. …

recognition between men and women that provides a microfoundation for the institution of marriage. In the model, men and women …. As a socially sanctioned commitment device among partners, the institution of marriage reduces this risk by restraining … societal, economic, and technological changes in their effects on marriage patterns. A combination of factors is argued to …