Children can be considered as a marriage-specific investment that increases the value of the marriage, making a divorce …, for the United States, to investigate the relation between fertility and marriage instability. In our model of marriage … children conceived during first marriage. Our results indicate that the presence of children significantly reduces the …

There is evidence that the introduction of unilateral divorce legislation (UDL) starting in the late 1960s increased US … divorce rates. We ask whether making divorce easier affected the educational structure of marriage. Based on marriage and … divorce certificate data covering 1970-1988, we provide new evidence on the evolution of the educational structure of marriage …