Divorce as risky behavior

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چکیده

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Divorce as risky behavior.

Given that divorce often represents a high-stakes income gamble, we ask how individual levels of risk tolerance affect the decision to divorce. We extend the orthodox divorce model by assuming that individuals are risk averse, that marriage is risky, and that divorce is even riskier. The model predicts that conditional on the expected gains to marriage and divorce, the probability of divorce in...

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ژورنال

عنوان ژورنال: Demography

سال: 2010

ISSN: 0070-3370,1533-7790

DOI: 10.1007/bf03213732