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 …

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 …

We build a realistically calibrated life-cycle model of housing decisions under divorce risk. As observed in the data …, our model predicts the recent increase in divorce rates leads to reduced homeownership rates. The event of a divorce … negatively affects homeownership, and this effect is long-lasting. The risk of a divorce triggers a precautionary savings motive …

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 …

marriage as well as for a precautionary savings motive. …

more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes. …In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married …

marriage as well as for a precautionary attitude towards risk. - Consumption Insurance ; Marriage …

marriage as well as for a precautionary savings motive …

quantitative results indicate that the declining number of marriages coupled with increasing divorce rates had a profound effect on …

the time to first marriage. The estimates support the theory, indicating that risk aversion significantly affects time to … marriage is examined using survival analysis. A search model predicts that, the more risk averse the individual, the shorter … marriage, with more risk averse respondents marrying sooner than their more risk loving counterparts. Within-family analyses …