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Title: Ex Ante Divorce Probability and Marital-Specific Investment: Three Applications
Resulting in 1 citation.
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Sullivan, Timothy Sean |
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Ex Ante Divorce Probability and Marital-Specific Investment: Three Applications Ph.D. Dissertation, University of Maryland College Park, 1995 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Demography; Divorce; Economics of Gender; Family Studies; Home Ownership; Household Models; Household Structure; Migration Patterns; Mobility; Panel Study of Income Dynamics (PSID) The recent increase in the United States divorce rate has coincided with many other fundamental changes in the behavior of married households, including decreases in home ownership and geographic mobility and changes in the labor market decisions made by spouses. This study uses the theory of match-specific investment to argue that the increasing divorce rate may be partly responsible for these changes. A theoretical model is developed which illustrates the role divorce probability plays in the marital-specific investment decision. Couples with higher divorce probabilities are predicted to make fewer specific investments. Empirical tests of this hypothesis, using the Panel Study of Income Dynamics in a simultaneous equations framework, find that couples with higher divorce probabilities are less likely to own and purchase homes, and are less likely to migrate. No significant relationship is found, using the National Longitudinal Survey of Youth, between divorce probability and market- training decisions. |
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Bibliography Citation
Sullivan, Timothy Sean. Ex Ante Divorce Probability and Marital-Specific Investment: Three Applications. Ph.D. Dissertation, University of Maryland College Park, 1995. |