We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a theoretical perspective, the expected sign of the effect is ambiguous. We take advantage of the legalization of divorce in Ireland in 1996 as an exogenous increase in the likelihood of...

Government interventions into the traditional functioning of the family became an important factor in the recent family crisis in developed countries (fewer marriages, more divorces, and lower birth rate). This hypothesis has been tested statistically for the period from 1800 to 2010 with data...

Lee Teitelbaum and I drafted this article several years before his lamentable death. We were both distracted by other projects and laid the piece aside. When he died, I undertook to complete it to honor a man who as friend and colleague brought more goodness to my life than I could ever have...

To compete for trust assets following a change in the federal tax code, many states repealed or abrogated the Rule Against Perpetuities (RAP). By repealing the RAP, these states allow a settlor to create a trust that lasts forever: a “dynasty trust” or “perpetual trust.” In a thoughtful...

This article was written as a contribution to the Fordham Law Review Symposium entitled Moore Kinship. It examines the various Supreme Court opinions in Moore v. City of East Cleveland to show how they foreshadow the tension between the growing desire of individuals to define “family” in...

Does single motherhood adversely affect infant health? This question is not easy to answer because of the endogeneity of coresidence during pregnancy. In this paper, we exploit quasi-natural variation in single motherhood from the moment of conception to that of birth arising from marriageable...

This article provides a critical analysis of divergent judicial opinions about how Australian courts should interpret the ‘grave risk of harm' exception in the Hague Convention on Civil Aspects of International Child Abduction. Conflicting views about the extent to which the exception to a...

Russian Abstract: Данный текст является введением в книгу "Стратегия долгосрочного процветания: в поисках растаявшего ориентира". "Стратегия… " является продолжением и...

This paper analyzes the intergenerational effects following the positive changes in women's inheritance rights in India. Using the Indian Human Development Survey data for rural India and a difference-in-differences strategy, we find that the property rights reform significantly increased...