Full Citation
Title: Understanding the Factors Influencing the Income Gap Between Divorcees
Citation Type: Journal Article
Publication Year: 2008
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Abstract: • Divorce is a zero sum game that typically results in a greater negative financial impact on divorced women than on divorced men (Peterson 1996). But little is known about the factors that cause the different financial consequence between genders. • Financial planning services and financial planning self-help tools are available to help those preparing for divorce as they embark on legal proceedings; however little of this advice specifically addresses interlacing financial planning and existing personal factors during the divorce process. • Using U.S. Census data from 1980 to 2000 to examine factors including age, children, education, and the presence of a significant other we show that these demographics significantly affect the relative income differential of divorcees by gender. • Being older having fewer children, remarriage, and higher levels of education helped offset the negative impact of a divorce on the income of females. • We also find that the trend in income disparity has declined somewhat over the period 1980-2000.
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Authors: Hale, Kelly D; Neidermeyer, Adolph A; Pearson, Timothy A; Riley, Richard Jr. A
Periodical (Full): Journal of Financial Planning
Issue: 12
Volume: 21
Pages: 62-70
Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure, Other
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