Property Rights and the Economics of Divorce
AbstractWith examples drawn from English and Scots law, this paper sets up a simple framework to analyse the role of property and dissolution rights in determining divorce decisions. Although firmly based on the economic analysis of choice and bargaining, the discussion is relatively non-technical and directed at drawing out implications for public policy. In particular the paper emphasises the importance of the laws on alimony and property division after divorce in affecting not only divorce decisions but also the allocation of resources within surviving marriages.
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Bibliographic InfoPaper provided by Edinburgh School of Economics, University of Edinburgh in its series ESE Discussion Papers with number 18.
Date of creation: Sep 2004
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-09-05 (All new papers)
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- Smith, Ian, 1997. "Explaining the Growth of Divorce in Great Britain," Scottish Journal of Political Economy, Scottish Economic Society, vol. 44(5), pages 519-44, November.
- Clark, Simon, 1999.
"Law, Property, and Marital Dissolution,"
Royal Economic Society, vol. 109(454), pages C41-54, March.
- Becker, Gary S & Landes, Elisabeth M & Michael, Robert T, 1977. "An Economic Analysis of Marital Instability," Journal of Political Economy, University of Chicago Press, vol. 85(6), pages 1141-87, December.
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- Alessandra Voena, 2011. "Yours, Mine and Ours: Do Divorce Laws Affect the Intertemporal Behavior of Married Couples?," Discussion Papers 10-022, Stanford Institute for Economic Policy Research.
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