The dynamics of marriage and divorce

Gustaf Bruze, Michael Svarer, Yoram Weiss

Research output: Contribution to journalArticlepeer-review

Abstract

We formulate and estimate a dynamic model of marriage, divorce, and remarriage using panel data on two cohorts of Danish men and women. The marital surplus is identified from the probability of divorce and the surplus shares of husbands and wives from their willingness to enter marriage. We find that the educations of husbands and wives are complements. Education raises the share of the marital surplus for men but not for women. As men and women get older, husbands receive a larger share of the marital surplus. The estimated costs of divorce are high both early and late in marriage.

Original languageEnglish
Pages (from-to)123-170
Number of pages48
JournalJournal of Labor Economics
Volume33
Issue number1
DOIs
StatePublished - 2015

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