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Yours, Mine, and Ours: Do Divorce Laws Affect the Intertemporal Behavior of Married Couples?

Alessandra Voena

American Economic Review, 2015, vol. 105, issue 8, 2295-2332

Abstract: This paper examines how divorce laws affect couples' intertemporal choices and well-being. Exploiting panel variation in US laws, I estimate the parameters of a model of household decision-making. Household survey data indicate that the introduction of unilateral divorce in states that imposed an equal division of property is associated with higher household savings and lower female employment, implying a distortion in household assets accumulation and a transfer toward wives whose share in household resources is smaller than the one of their husband. When spouses share consumption equally, separate property or prenuptial agreements can reduce distortions and increase equity. (JEL D13, D14, D91, J12, J16, K36)

JEL-codes: D13 D14 D91 J12 J16 K36 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/aer.20120234
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Related works:
Working Paper: Yours, Mine and Ours: Do Divorce Laws Affect the Intertemporal Behavior of Married Couples? (2011) Downloads
Working Paper: Yours, Mine and Ours: Do Divorce Laws affect the Intertemporal Behavior of Married Couples?? (2010) Downloads
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