The Impact of a Mandatory Cooling off Period on Divorce

Posted: 11 Jul 2012

Date Written: July 10, 2012

Abstract

The waiting period mandate between divorce filing and a complete change in status has been adopted in many countries to reduce impetuous divorces and encourage reconciliation. In this paper, we estimate the impact of a compulsory waiting period on the divorce rate. Since 2004, South Korean local courts had voluntarily adopted the cooling-off policy, and later it was legislated into national law. To evaluate the impact of the policy, we exploit variation in the timing of the policy adoption across local courts. We find that the cooling-off policy significantly decreases the divorce rate, whereas there is no significant effect on the divorce filing rate.

Keywords: Divorce, Cooling-off Period

JEL Classification: J12, K36, D03

Suggested Citation

Lee, Jungmin, The Impact of a Mandatory Cooling off Period on Divorce (July 10, 2012). Journal of Law and Economics, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2103418

Jungmin Lee (Contact Author)

Seoul National University ( email )

Kwanak-gu
Seoul, 151-742
Korea, Republic of (South Korea)

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