Collateralized Marriage

Simple item page
dc.catalogadorgjm
dc.contributor.authorLafortune, Jeanne
dc.contributor.authorLow, Corinne
dc.date.accessioned2024-01-19T14:48:17Z
dc.date.available2024-01-19T14:48:17Z
dc.date.issued2023
dc.description.abstractMarriage rates have become increasingly stratified by homeownership. We investigate this in a household model where investments in public goods reduce future earnings and, thus, divorce risk creates inefficiencies. Access to a joint savings technology, like a house, collateralizes marriage, providing insurance to the lower-earning partner and increasing specialization, public goods, and value from marriage. We use idiosyncratic variation in housing prices to show that homeownership access indeed leads to greater specialization. The model also predicts that policies that erode the marriage contract in other ways will make wealth a more important determinant of marriage, which we confirm empirically. (JEL D12, D86, G51, H41, J12, R31)
dc.fechaingreso.objetodigital2024-09-11
dc.fuente.origenORCID
dc.identifier.doi10.1257/app.20210614
dc.identifier.urihttp://dx.doi.org/10.1257/app.20210614
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/80687
dc.identifier.wosidWOS:001089115500008
dc.information.autorucInstituto de Economía; Lafortune, Jeanne; 0000-0003-0127-0646; 1009322
dc.language.isoen
dc.nota.accesocontenido parcial
dc.rightsacceso restringido
dc.subjectConsumer Economics: Empirical Analysis
dc.subjectEconomics of Contract: Theory
dc.subjectHousehold Finance: Household Saving, Borrowing, Debt, and Wealth
dc.subjectPublic Goods
dc.subjectMarriage; Marital Dissolution; Family Structure; Domestic Abuse
dc.subjectHousing Supply and Markets
dc.subject.ddc330
dc.subject.deweyEconomíaes_ES
dc.subject.ods08 Decent work and economic growth
dc.subject.ods10 Reduced Inequality
dc.subject.odspa08 Trabajo decente y crecimiento económico
dc.subject.odspa10 Reducción de las desigualdades
dc.titleCollateralized Marriage
dc.typeartículo
sipa.codpersvinculados1009322
sipa.trazabilidadORCID;2024-01-08
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Collateralized Marriage.pdf
Size:
2.33 KB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Artículos de revistas