This paper examines the effects of reforms that reduced alimony on matching in the marriage market. Recent literature indicates that divorce law changes which reduce commitment or income-sharing upon separation will lead to an increase in assortative matching, as women forgo specialization which...

This paper examines the effects of reforms that reduced alimony on matching in the marriage market. Recent literature indicates that divorce law changes which reduce commitment or income-sharing upon separation will lead to an increase in assortative matching, as women forgo specialization which...

Banks and other intermediaries may help savers commit to investment plans that savers could not stick to if they held assets directly. We illustrate this commitment function using a version of the Diamond and Dybvig (<CitationRef CitationID="CR9">1983</CitationRef>) model where savers’ short-run liquidity needs are correlated with...</citationref>