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Autor:innen: 
Angelini, Viola
Bertoni, Marco
Stella, Luca
Weiss, Christoph T.
Datum: 
2016
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 10363
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
By allowing people to obtain divorce without the consent of their spouse, Unilateral Divorce Laws (UDLs) increase the risk of divorce. Using the staggered introduction of UDLs across European countries, we show that households exposed to UDLs for longer time accumulate more savings. This effect holds for both financial and total wealth and is stronger at higher quantiles of the wealth distribution. Longer exposure to UDLs also increases female labour market participation and financial literacy, contributing to uncover the mechanisms through which the risk of divorce may affect savings. Our results are consistent with a precautionary motive for saving.
Schlagwörter: 
household savings
financial literacy
divorce
JEL: 
G11
J12
J22
J32
Dokumentart: 
Working Paper

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