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Till Death Do Us Part or I Get My Pension? Wives' Pension Holding and Marital Dissolution in the United States

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  • Ono, Hiromi
  • Stafford, Frank

Abstract

Wives' financial independence gained from their pension may increase the risk of marital dissolution, especially when wives are approaching retirement age (the older wives' independence hypothesis). Applying single and simultaneous equations probit models to data from the Panel Study of Income Dynamics, we investigate the effect of wives' pension holding in 1984 on the risk of subsequent marital dissolution. Results from the single equation model appear to support the older wives' independence hypothesis. However, results from the simultaneous equations model suggest that interpreting the single equation results as a sign of older wives' economic independence may be misleading. Copyright 2001 by The editors of the Scandinavian Journal of Economics.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.

Volume (Year): 103 (2001)
Issue (Month): 3 (September)
Pages: 525-44

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Handle: RePEc:bla:scandj:v:103:y:2001:i:3:p:525-44

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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442

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Cited by:
  1. Steven J. Haider & Alison Jacknowitz & Robert F. Schoeni, 2003. "The Economic Status of Elderly Divorced Women," Working Papers wp046, University of Michigan, Michigan Retirement Research Center.

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