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Much attention has been paid to the high divorce rate, but less recognized is the frequency of remarriage. To the extent that marriage provides consumption insurance, this prompts re-examination of the gains to marriage in terms of risk sharing. This paper shows that existing models of marriage...
Persistent link: https://www.econbiz.de/10011133718
This paper examines the role of relationship skills in determining life cycle outcomes in education, labor and marriage markets. We posit a two-factor model with human capital and "relationship" or "partnering" skill. Relationship skill is understood in our framework as the ability to maintain...
Persistent link: https://www.econbiz.de/10011081900