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March 11, 2008

Economic impacts of splitting up

Although the divorce rate in the country has been declining, divorce still has major social and economic implications. One clear financial consequence is that the income and living standard of the divorced couple are adversely impacted. But what other impacts of divorce have researchers been able to find? Listen

Dr. Mike Walden, North Carolina Cooperative Extension economist in the College of Agriculture and Life Sciences at N.C. State University, responds:

"There have been a couple of other interesting findings. First of all, there's some evidence that when divorce is easier, couples are less likely to have children earlier in their marriage. Also, in states with easier divorce laws, we find that both the husband and wife are more likely to work full time and are less likely to support the other in paying for their education. And that makes sense, because if there's concern that the marriage may not last, you'll be less likely to invest in the marriage. Finally, researchers have found that the daughters of a divorced family are more likely to have their education and future earnings adversely impacted much more so than the sons of divorced couples."

Posted by Dave at March 11, 2008 10:29 AM