Household debt and marital instability: Evidence from the Korean labor and income panel study

Journal of Family and Economic Issues

Volumn 27, Issue 4, 2006, Pages 675-691

  Chang, Yunhee ^a   Lee, Ki Young ^b  

^a UNIVERSITY OF MISSISSIPPI   (United States)

^b Seoul National University   (South Korea)

Author keywords

Divorce; Financial strain; Household debt; Korean families

Indexed keywords

EID: 33750995552     PISSN: 10580476     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10834-006-9039-2     Document Type: Conference Paper

References (32)

1. Allison, P. (1995). Survival analysis using the SAS system: A practical guide. Cary, NC: SAS Institute.
2. Becker, G. S. (1973). A theory of marriage: Part I. Journal of Political Econom, 81, 813-846.
3. Becker, G. S., Landes, E. M., & Michael, R. (1977). An economic analysis of marital instability. Journal of Political Economy, 85, 1141-1188.
4. Brenner, R., Dagenais, M. G., & Montmarquette, C. (1994). An overlooked explanation of the declining saving rate. Empirical economics, 19, 629-637.
5. Chang, H., & Kim, Y. (2000). A study of the impact of unemployment on the family and the role of women. Women's Studies Forum, 16. Retrieved February 11, 2005, from http://www2.kwdi.re.kr/.
6. Charles, K. K., & Stephens, M. Jr. (2004). Job displacement, disability, and divorce. Journal of Labor Economics, 22, 489-522.
7. Chiappori, P. -A. (1997). "Collective" models of household behavior: The sharing rule approach. In L. Haddad, J. Hoddinott, & H. Alderman (Eds.), Intrahousehold resource allocation in developing countries (pp. 39-52). Baltimore and London: Johns Hopkins University Press.
8. Chiswick, C., & Lehrer, E. (1990). On marriage-specific capital: Its role as a determinant of remarriage. Journal of Population Economics, 3, 193-213.
9. Cubeddu, L., & Rios-Rull, J. -V. (1997). Marital risk and capital accumulation. Federal Reserve Bank of Minneapolis, Staff Report 235.
10. Eun, K.-S. (2002). Understanding recent fertility decline in Korea. Journal of Population and Social Security, Supplement to Volume 1.
11. Fisher, J. D., & Lyons, A. C. (2006). Till debt do us part: A model of divorce and personal bankruptcy. Review of Economics of the Household, 4, 35-52.
12. Huh, S. J. (c2002). Status of divorce in Korea and its causes: 1997 financial crisis and thereafter. Retrieved January 4, 2005, from http://fiordiligi.cafe24.com/html/jointstudy.html.
13. Hur, J-J. (2000). Korea's experience in overcoming the economic crisis of the late 1990s Employment and unemployment measures. Paper prepared for the KRIVET conference on "Vocational Education and Training for All," Seoul, October 2000.
14. Im, I. -S., & Ahn, B. -C. (2000). The effect of economic crisis on consideration of family dissolution (in Korean). Family and Culture, 12, 1-23.
15. Johnson, W. R., & Skinner, J. (1986). Labor supply and marital separation. American Economic Review, 76, 455-469.
16. Johnston, J., & DiNardo, J. (1997). Econometric methods. New York, NY: McGraw-Hill.
17. Kennedy, P. (1998). A guide to econometrics. Cambridge, MA: MIT Press.
18. Kim, H. -J. (2004). An analysis of household debt burden by householder's occupation (in Korean). Social Welfare Policy, 20, 109-131.
19. Kooreman, P., & Wunderink, S. (1997). The economics of household behavior. New York: St. Martin's Press.
20. Korea National Statistical Office (2003). Population and housing census annual report.
21. La Cava, G., & Simon, J. (2003). A tale of two surveys: Household debt and financial constraints in Australia. Economic Research Reserve Bank of Australia Research Discussion Paper, 2003-08.
22. Lehrer, E. L. (2003). The economics of divorce. In S. A. Grossbard-Shechtman (Ed.), Marriage and the economy (pp. 55-74). Cambridge, UK: Cambridge University Press.
23. Lyons, A. C. (2003). How credit access has changed for divorced men and women. Journal of Consumer Affairs, 37, 231-255.
24. Lupton, J. P., & Smith, J. P. (2003). Marriage, assets, and savings. In S. A. Grossbard-Shechtman, (Ed.), Marriage and the economy (pp. 129-152). Cambridge, UK: Cambridge University Press.
25. Monk-Turner, E., & Turner, C. G. (2001). Sex differentials in earnings in the South Korean labor market. Feminist Economics, 7, 63-78.
26. Smits, J., Ultee, W., & Lammers, J. (1998). Educational homogamy in 65 countries: An explanation of differences in openness using country-level explanatory variables. American Sociological Review, 63, 264-85.
27. Sullivan, T. A., Warren, E., & Westbrook, J. L. (2000). The fragile middle class. New Haven, CT: Yale University Press.
28. Tsuya, N. O., & Bumpass, L. L. (2004). Marriage, work, and family life in comparative perspective: Japan, South Korea and the United States. Honolulu: University of Hawaii Press.
29. Tzeng, M., & Mare R. D. (1995). Labor market experience and marital stability, 1965-1987. Social Science Research, 24, 329-351.
30. Weiss, Y. (1997). The formation and dissolution of families: Why marry? Who marries whom? And what happens upon divorce? In M. R. Rosenzweig, & O. Stark, (Eds.), Handbook of population and family economics (pp. 81-123). Amsterdam, New York and Oxford: Elsevier Science, North-Holland.
31. Weiss, Y., & Willis, R. J. (1997). Match quality, new information, and marital dissolution. Journal of Labor Economics, 15, 293-329.
32. Yang, S. -J. (2000). Credit use behavior of employed-wife households (in Korean). Social Science Research, 13, 1-23.