United but (un)equal: human capital, probability of divorce, and the marriage contract

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Cremer, Helmuh; Pestieau, Pierre; Roeder, Kerstin;
  • Subject: : Economic systems & public economics [Business & economic sciences] | : Systèmes économiques & économie publique [Sciences économiques & de gestion]

This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting where complete specialization is optimal with no divorce risk. Couples can self-insure through savings which offers some protection to the un... View more
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