Mixed Hitting-Time Models

Abbring, Jaap H.

doi:10.3982/ecta7312

Cited by 26 publications

(4 citation statements)

References 39 publications

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“…Under the learning model, people wait until they have enough information and only then separate, which means that in the beginning one should see more unhappy wives because they are not yet sure whether they should separate. The pattern in Figure 7 is rather consistent with a model where relationships evolve over time, and tend to slowly regress to the mean (this could be modeled by assuming ρ < 1 and c > 0 in equation (1)). The evidence in Figure 7 does not preclude that wives are somewhat uncertain about the quality of their relationship, but it is inconsistent with the pure learning model.…”

Section: Resultssupporting

confidence: 78%

“…Using the tests outlined above, I find that the data is most consistent with the pure changes model. Substantively, I find that the divorce hazard monotonically decreases with marriage duration and that the impact of a discharge for cause on the divorce hazard is monotonically increasing with duration 1 . Additionally, I find that a job loss that occurred more than a year ago has no significant impact on current divorce.…”

Section: Introductionmentioning

confidence: 81%

“…One then computes the value of the marriage at the period prior to the last period, and so on recursively until the first period. One gets a value for the marriage at the first period V1 new . One starts the recursion again with V new = V 1 new at the last period of the marriage, and one does this until V n new ≈ V n−1 new .…”

mentioning

confidence: 99%

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Divorce: What does learning have to do with it?

Marinescu

2016

Labour Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. Learning about marriage quality has been proposed as a key mechanism for explaining how the probability of divorce evolves with marriage duration, and why people often cohabit before getting married. I develop four theoretical models of divorce, three of which include learning. I use data from the Survey of Income and Program Participation to test reduced form implications of these models. The data is inconsistent with models including a substantial amount of learning. On the other hand, the data is consistent with a model without any learning, but where marriage quality changes over time.JEL Classification: J12, J63

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Section: Resultssupporting

confidence: 78%

Section: Introductionmentioning

confidence: 81%

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Divorce: What does learning have to do with it?

Marinescu

2016

Labour Economics

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show abstract

“…Substantively, I find that the divorce hazard monotonically decreases with marriage duration and that the impact of a discharge for cause on the divorce hazard is monotonically increasing with duration 1 . Additionally, I find that a job loss that occurred more than a year ago has no significant impact on current divorce.…”

Section: Introductionmentioning

confidence: 93%

Divorce: What Does Learning Have to Do with It?

Marinescu

2015

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Learning about marriage quality has been proposed as a key mechanism for explaining how the probability of divorce evolves with marriage duration, and why people often cohabit before getting married. I develop four theoretical models of divorce, three of which include learning. I use data from the Survey of Income and Program Participation to test reduced form implications of these models. The data is inconsistent with models including a substantial amount of learning. On the other hand, the data is consistent with a model without any learning, but where marriage quality changes over time.

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Structural Models

Galiani

Pantano

2022

Handbook of Labor, Human Resources and Population Economics

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Mixed Hitting-Time Models

Cited by 26 publications

References 39 publications

Divorce: What does learning have to do with it?

Divorce: What does learning have to do with it?

Divorce: What Does Learning Have to Do with It?

Structural Models

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