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This paper studies the link between the expected consequences or income prospects at divorce and the decision to become divorced. The economic model utilized predicts that divorce will occur when the present value of opportunities after divorce exceeds the return to continuing the marriage. These opportunities, measured over time, include the economic value attached to a possible remarriage, as well as income from employment, welfare, alimony, and child support payments. The empirical analysis utilizes data from the Young Women's cohort. Preliminary results show that income gains expected from continuing the marriage reduce the probability of divorce, but income prospects expected at divorce have no significant effect on the probability of divorce for these women.