The Quit Propensity of Married Men
This paper hypothesizes that the quit propensity of married men rises with an increase in their wives' income. Assuming that individuals are risk averse and that quitting is risky, the wife's income increases the husband's expected value of quitting by reducing the variance of expected family income. Using the longit udinal data from the Michigan Panel Study of Income Dynamics, the wif e's income is found to have a large effect on quits. The average husb and's quit rate increases by about 45 percent when the wife's income rises from zero to two-thirds that of the husband's. The wife's incom e effect nearly offsets the negative effect that marriage typically h as on male quit rates. Copyright 1987 by University of Chicago Press.