From an economic perspective, marriage and long-term partnership can be seen as a riskpooling device. This informal insurance contract is, however, not fully enforceable. Each partner is free to leave when his or her support is needed in case of an adverse life event. An adverse health shock is...

From an economic perspective, marriage and long-term partnership can be seen as a risk-pooling device. This informal insurance contract is, however, not fully enforceable. Each partner is free to leave when his or her support is needed in case of an adverse life event. An adverse health shock is...

Personality predicts how we interact with others, what partners we have, and how happy and lasting our romantic relationships are. At the same time, our experiences in these relationships may affect our personality. Who experiences specific major relationship events and how do these events...

The high and rising divorce rate in China is not easily reconciled with traditional theories that emphasize the role of modernization in changing family life. By reformulating the state social engineering theory, this paper argues that the retreat of the state from private life has contributed...

Between 2008 and 2017, Mexican states implemented no-fault unilateral divorce. Using an event-study design, we exploit state-level variation in the timing of the reforms to investigate the consequences of more liberalized divorce laws. Our results suggest that no-fault divorce dramatically in-...

The paper investigates the intergenerational transmission of divorce in China with the data from The China Health and Retirement Longitudinal Study (CHARLS). The empirical results show that parental divorce increases the odd ratio of children's divorce significantly by 104.12% in complementary...

In China's regulated housing markets, a married couple may strategically choose to divorce in order to purchase more houses and/or purchase with more favorable leverages. Our study examines the strategic divorce behavior induced by two major types of housing market regulations in China, quota...

We document a long-lasting association between a common societal phenomenon, early-life family disruption, and investment behavior. Fund managers who experienced the death or divorce of their parents during childhood take lower risk and are more likely to sell their holdings following...

This study examines implications for mergers and acquisitions (M&As) by focusing on deals that are subsequently divested. A comprehensive data set on the corporate divorce phenomenon during the past quarter of a century is constructed with financial news as well as SEC filings. Using this...