Suchergebnisse

Applying the Coase Theorem to marital bargaining suggests that shifting from consent to unilateral divorce laws will not affect divorce rates. I show that existing evidence suggesting large effects of divorce laws on divorce rates reflect a failure to explicitly model the dynamic response of divorce rates to a shock to the legal regime. When accounting for these dynamics, I find that unilateral divorce spiked following the adoption of unilateral divorce laws, but that this rise largely reversed itself within a decade. Overall, these changes in family law explain very little of the rise in divorce over the past half-century.

Brookings Papers on Economic Activity: Spring 2011 Job Search, Emotional Well-Being, and Job Finding in a Periodof Mass Unemployment: Evidence from High-Frequency Longitudinal DataBy Alan B. Krueger and Andreas Mueller Financially Fragile Households: Evidence and ImplicationsBy Annamaria Lusardi, Daniel Schneider, and Peter Tufano Let's Twist Again: A High-Frequency Event-Study Analysisof Operation Twist and Its Implications for QE2By Eric T. Swanson An Exploration of Optimal Stabilization PolicyBy N. Gregory Mankiw and Matthew Weinzierl What Explains the German Labor Market Miracle in the Gre

Contents include Regulating the Shadow Banking SystemGary Gorton and Andrew Metrick (Yale University) The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income SharesJonathan A. Parker (Northwestern University) and Annette Vissing-Jorgensen (Northwestern University and CEPR) The State of the Safety Net in the Post-Welfare Reform Era Marianne Bitler (University of California-Irvine and San Francisco Federal Reserve Bank) and Hilary W. Hoynes (University of California-Davis) State Government Spending and Transitory Income FluctuationsJames R. Hines J