Marriage, Divorce and Interstate Risk Sharing

Martin Halla and Johann Scharler

No 3744, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes.

Keywords: risk sharing; marriage; divorce; family law (search for similar items in EconPapers)
JEL-codes: E21 G21 J12 K36 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2008-10
New Economics Papers: this item is included in nep-law and nep-mac
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Published - revised version published in: Scandinavian Journal of Economics, 2012, 114 (1), 55-78

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Related works:
Journal Article: Marriage, Divorce, and Interstate Risk Sharing (2012)
Working Paper: Marriage, Divorce and Interstate Risk Sharing (2008)
Working Paper: Marriage, Divorce and Interstate Risk Sharing (2008)
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