Economics of Marital Instability
Gary S. Becker
University of Chicago - Department of Economics; University of Chicago - Booth School of Business
Elisabeth M. Landes
LECG/Navigant Consulting; National Bureau of Economic Research (NBER)
Robert T. Michael
University of Chicago; National Bureau of Economic Research (NBER)
NBER Working Paper No. w0153
This paper focuses on the causes of divorce. Section I developsa theoretical analysis of marital dissolution incorporating uncertaintyabout the outcomes of marital decisions into a framework of utilitymaximization and the marriage market. Section II explores the implica-tions of the theoretical analysis with cross-sectional data,primarilythe 1967 Survey of Economic Opportunity and the Terman sample. Therelevance of both the theoretical and empirical analyses in explainingthe recent acceleration in the U.S. divorce rate is discussed.
Number of Pages in PDF File: 115
Date posted: April 12, 2004
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