We document a long-lasting association between a common societal phenomenon, early-life family disruption, and investment behavior. Controlling for socioeconomic status and family background, we find fund managers who experienced the death or divorce of their parents during childhood exhibit a...

We combine multiple administrative datasets from Taiwan to evaluate the degree to which the adverse divorce effect on the child's higher education operates through deprivation of economic resources. Using one million siblings, we find that parental divorce occurring at ages 13-18 significantly...

In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the...

In Nigeria, marriage is hardly conceived as a partnership of equals in relation to the property rights of spouses during marriage and at divorce. This is because the Nigerian courts do not redistribute property at divorce. This leaves the financially weaker spouse (usually the wife) at an...

In this paper, we evaluate the impact of unilateral divorce on crime. First, using crime rates from the FBI's Uniform Crime Report program for the period 1965-1998 and differences in the timing in the introduction of the reform, we find that unilateral divorce has a positive impact on violent...

Based on panel data from 1997 to 2018, we investigate the socioeconomic preconditions and economic consequences of 'shared parenting (SP)' forms in Germany. Referring to the post-separation year, we build SP groups from information on child residence and fathers' childcare hours during a regular...