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SUMMARY:Hitoshi Tsujiyama (Surrey University)
DTSTART;TZID=Europe/Berlin:20250521T121500
DTEND;TZID=Europe/Berlin:20250521T133000
DTSTAMP:20260520T071545Z
UID:3ad39827e0c449f48f8f4fe4fd9d6e8b@www.econ.uni-bonn.de
CREATED:20250226T102045Z
DESCRIPTION:How does an adverse economic shock affect families? We answer 
 this question by exploiting a natural-experimental earthquake shock and un
 ique panel data with comprehensive information on personal consumption and
  time use within households. We provide new evidence that the earthquake r
 educes the probability of divorce and induces intra-household reallocation
  from wives to husbands within the same household. We argue that the value
  of divorce decreases for wives due to the labor market shock\, while the 
 value of marriage remains high due to the family insurance provided by the
  husband to compensate for the wife's income loss\, resulting in a decreas
 e in the probability of divorce. We formally rationalize these results usi
 ng a collective household model with limited commitment. Our empirical fin
 ding represents\, to our knowledge\, the first causal evidence to support 
 the standard structural assumption of such responses and provides strong e
 vidence against the assumption of income pooling.
LAST-MODIFIED:20250521T084858Z
URL:https://www.econ.uni-bonn.de/macro/en/seminars/mef-seminar-summer-2025
 /hitoshi-tsujiyama-surrey-university
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