Marriage, Divorce and Reciprocity‐based Cooperation
研究了夫妻间基于互惠的自愿转移支付如何平滑消费，以及公共收入保险如何提高婚姻市场流动率、降低稳态结婚率和伴侣间的财务合作。
Abstract This paper considers partnership formation, partnership dissolution and reciprocity‐based cooperation by couples in the form of voluntary transfers to smooth consumption. While risk sharing is one benefit of having a partner, it is also limited by the (endogenous) risk of separation. The equilibrium formation and dissolution of partnerships are determined simultaneously with cooperative behavior. Publicly provided earnings insurance is shown to increase the “turnover” rate in the marriage market as well as to reduce the steady‐state marriage rate and the implicit financial cooperation between partners.