How to Carve a Medical Degree: Human Capital Assets in Divorce Settlements
研究离婚时财产分割的法律规则如何影响婚姻期间的人力资本投资,指出现有规则导致投资不足或回报分配不公,并提出一个更优的新规则。
This paper examines effects of the legal rules for property division at divorce on investment in human capital during marriage. The authors show that current rules generally lead to suboptimal levels of investment and spousal support, or to inequitable distribution of the returns from such investment, or both. They propose a new rule that performs better than the existing rules on both efficiency and equity criteria and that requires no more information than the existing rules. Copyright 1989 by American Economic Association.