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Marriage, Divorce and Interstate Risk Sharing

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Author Info
Martin Halla
Johann Scharler

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Abstract

In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes.

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Publisher Info
Paper provided by The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria in its series NRN working papers with number 2008-03.

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Length: 32 pages
Date of creation: Oct 2008
Date of revision:
Handle: RePEc:jku:nrnwps:2008_03

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Related research
Keywords: Risk sharing; marriage; divorce; family law;

Other versions of this item:

Find related papers by JEL classification:
J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
K36 - Law and Economics - - Other Substantive Areas of Law - - - Family and Personal Law
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages

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