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The Economics of Marriage

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  • Alessandro Cigno

    ()
    (University of Florence, Italy; The Rimini Centre for Economic Analysis (RCEA), Italy)

Abstract

In a separate-property jurisdiction, marriage may induce domestic cooperation, and enhance efficiency in the production of children, because it may lend credibility to the prospective main earner's promise to compensate the main childcarer when the children will no longer be economically dependent on them. In a community-property jurisdiction, marriage will induce domestic cooperation, and enhance efficiency in the production of children, because it rules out strategic behaviour. Whatever the matrimonial property regime, reducing the cost or difficulty of obtaining a divorce will have no permanent effect on the divorce rate. In a separate-property jurisdiction, it will encourage marriage, and induce more married women to specialize in market work. Couples should be allowed to choose the matrimonial property regime.

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Bibliographic Info

Paper provided by The Rimini Centre for Economic Analysis in its series Working Paper Series with number 11_11.

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Date of creation: Feb 2011
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Handle: RePEc:rim:rimwps:11_11

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Keywords: divorce; alimony; matrimonial property; commitment; fertility; domestic division of labour;

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