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Author: Lee, Angela Wang
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Killewald, Alexandra England, Paula A. Lee, Angela Wang |
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Wealth and Divorce Presented: Denver CO, Population Association of America Annual Meeting, April 2018 Cohort(s): NLSY79 Publisher: Population Association of America Keyword(s): Divorce; Home Ownership; Marital Stability; Modeling, Hazard/Event History/Survival/Duration; Wealth Permission to reprint the abstract has not been received from the publisher. Social scientists have extensively debated whether income promotes divorce by allowing individuals to exit unhappy marriages or promotes marital stability by easing financial strain. This literature has largely ignored that wealth is a distinct financial resource that may have its own effects on marital stability. We describe preliminary results from what we believe is the first examination of the effect of wealth on divorce in the United States. We use panel data from the NLSY79 and discrete-time hazard models and show that, for both blacks and whites, wealth is associated with greater marital stability, net of more commonly studied economic and background characteristics. Given prior evidence that homeownership reduces divorce risk, we test whether wealth's effects operate entirely through access to this specific asset, but find that wealth's effects are more general. We describe planned analyses to test the robustness of our findings and illuminate mechanisms responsible for the effects. |
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Bibliography Citation
Killewald, Alexandra, Paula A. England and Angela Wang Lee. "Wealth and Divorce." Presented: Denver CO, Population Association of America Annual Meeting, April 2018. |