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Married Couples Cope Better With Health Shocks Than Singles
Other findings include that "low-risk" marriages, where the main-earner is in a low-risk health state, are more stable and encounter less renegotiation and termination of marital contracts at every stage of the life-cycle.
The researchers also found that men who are at high risk of receiving health and disability shocks value marriage early in life, when they are poor in both assets and work experience.
As these husbands age, their gains from marriage decrease as "buffer stocks" of human capital and assets are accumulated and they become more likely to trigger a renegotiation of the marital contract. These later renegotiations are referred to by the authors as a "midlife crisis."
All men value marriage at the late stages of their working life as they approach retirement, and the end of their main-earner status, as well as during periods of high health risk.
Source-ANI
TRI
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