The Impact of a Mandatory Cooling-off Period on Divorce
Jungmin Lee
Journal of Law and Economics, 2013, vol. 56, issue 1, 227 - 243
Abstract:
A mandated waiting period between a divorce filing and the issuance of the divorce decree has been adopted in many countries to reduce impetuous divorces and encourage reconciliation. In this paper, I estimate the impact of a compulsory waiting period on the divorce rate. Since 2004, South Korean local courts had been voluntarily adopting the cooling-off policy, and later it became a national law. To evaluate the impact of the policy, I exploit variation in the timing of the policy adoption across local courts. I find that the cooling-off policy significantly decreases the divorce rate, whereas there is no significant effect on the divorce filing rate.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jlawec:doi:10.1086/667710
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