The Impact of a Mandatory Cooling-off Period on Divorce
AbstractA mandated waiting period between a divorce filing and the issuance of the divorce decree has been adopted in many countries to reduce impetuous divorces and encourage reconciliation. In this paper, I estimate the impact of a compulsory waiting period on the divorce rate. Since 2004, South Korean local courts had been voluntarily adopting the cooling-off policy, and later it became a national law. To evaluate the impact of the policy, I exploit variation in the timing of the policy adoption across local courts. I find that the cooling-off policy significantly decreases the divorce rate, whereas there is no significant effect on the divorce filing rate.
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Bibliographic InfoArticle provided by University of Chicago Press in its journal The Journal of Law and Economics.
Volume (Year): 56 (2013)
Issue (Month): 1 ()
Pages: 227 - 243
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