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For Richer or Poorer: Housing Wealth and the Likelihood of Divorce

来源:湖南大学经济与管理研究中心 日期:2019-05-21 作者:

 间:May.24th (Friday), 16:15-17:30PM


 点:Room 211, Shuishang Teaching Building


 题:For Richer or Poorer: Housing Wealth and the Likelihood of Divorce


主讲人:Lingxiao Zhao

associate professor at school of Public Finance and Taxation, Southwestern University of Finance and Economics


 要:

Unparalleled home price volatilities are created during the recent U.S. housing boom/bust cycle, which surprised many homeowners, especially elderly homeowners. This paper takes advantage of plausible exogenous shocks in home equity and investigates the role of housing wealth in marital dissolution. Geographically linked HRS survey microdata spinning 1991-2010 are used. We try to identify the causal effect by exploiting regional heterogeneity across housing markets and using housing supply elasticities as instruments. Empirical findings suggest that housing wealth shocks affect divorce likelihood by changing married couples’ expected gains from marriage. With significantly declining housing wealth, elderly marital instability goes up and the effect relates to demographics and working status.


报告人简介:

Lingxiao Zhao  is an associate professor at school of Public Finance and Taxation, Southwestern University of Finance and Economics in 2015.

Lingxiao Zhao earned his Ph.D. in Economics, University of Oklahoma, 2015. His research interests include Public Economics, Labor Economics, Urban Economics, Real Estate.


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