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- W1523614912 abstract "In this paper, we present a model in which agents choose voice, exit, or options when their marital condition becomes bad. The voice option can be interpreted as a spouse's effort or investment in the household to resolve his/her dissatisfaction and improve the marital condition. If a spouse hopes to divorce, he/she chooses the exit option. If a spouse does not hope to express his/her opinion and divorce, he/she chooses the stay option. We focus on the role of exit and voice in a marriage and investigate the effects of a divorce law that is based on fault or no-fault on divorce rates. Our study shows that divorce rates tend to be too high under a unilateral divorce law in the non-transferable utility case. On the other hand, mutual-consent divorce law generates multiple equilibria, and divorce rates are then inefficient even in the transferable utility case. In this multiple equilibrium case, divorce rates are determined by social factors, such as culture, norm, and religion." @default.
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- W1523614912 date "2009-03-01" @default.
- W1523614912 modified "2023-09-23" @default.
- W1523614912 title "Exit and Voice in a Marriage Market" @default.
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