Cremer, Helmuth; Pestieau, Pierre; Roeder, Kerstin - In: Journal of Population Economics 28 (2015) 1, pp. 195-217
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 uneducated spouse, but at the expense...