Work

The ant or the grasshopper? The long-term consequences of Unilateral Divorce Laws on savings of European households

Year: 2019

Type: article

Study design: Observational Study

Abstract: Unilateral Divorce Laws (UDLs) allow people to obtain divorce without the consent of their spouse. Using the staggered introduction of UDLs across European countries, we show that households exposed to UDLs for a longer period of time accumulate more savings. This effect holds for both financial and total wealth and is stronger at higher quantiles of the wealth distribution. Consistent with a precautionary motive for savings, we also find that exposure to UDLs increases female labour supply, numeracy, trust in others and dispositional optimism.

Source: European Economic Review

DOI: 10.1016/j.euroecorev.2019.07.002

Authors: Viola Angelini, Marco Bertoni, Luca Stella, Christoph T. Weiss

Institutions: University of Groningen, University of Padua, Bocconi University, European Investment Bank

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: hybrid

Estimated APC paid: $1,950

Funders: Fondazione Cassa di Risparmio di Padova e Rovigo, Università degli Studi di Siena, Università degli Studi di Cagliari, European Commission, Bundesministerium für Bildung und Forschung, Seventh Framework Programme, Sixth Framework Programme, Fifth Framework Programme, Seventh Framework Programme, Sixth Framework Programme, European Investment Bank, National Institute on Aging

Awards: Multinational Advancement of Research Infrastructures on Ageing, G1299585435, G1330667123, G1565542540, G1591066772, G159251131, G1778268290, G1781191216, G1983054415, G2077389594, G2165624312, G2343781458, G24207250, G2465118858, G3098698002, G3166864496, G323020161, G3293950154, G3361099077, G3457581384, G3687180791, G3906179026, HEALTH AND ECONOMIC STATUS IN OLDER POPULATIONS, G4276277817, Upgrading the Survey of Health, Ageing and Retirement in Europe – preparatory phase, G4569152855, G4579714972, G4847675667, G5021238699, G5285467101, G5618942462, G6767647029, G6978085111, G751768989, DEVELOPING AN ISRAELI VERSION OF THE HRS/SHARE PROJECT, G7664789006, Longitudinal Enhancement and Access imProvement of the SHARE infrastructure, G8957671751, RAND Center for the Study of Aging, Understanding and Improving Healthcare Decision-Making and Outcomes for People Living with Alzheimer's Disease and Related Dementias, Health and Retirement Study: Yrs 35-40, G93458789, G938892667

OpenAlex ID: W2555204149

FWCI: 1.788

Cites: 43

Cited by: 13

Related to: 10