Divorce early or divorce late? The long-term financial consequences.
Access status:
Open Access
Type
ArticleAbstract
We use data from the UK Household Longitudinal Study (Understanding Society) to examine income, housing and wealth for those who divorce in England and Wales. We consider variation between different generations and examine how circumstances at divorce, the year of divorce, and re-partnering behaviour post-divorce affect our results. We find that women in all cohorts have lower household income if divorced, but that men’s household income does not suffer. Men and women in all cohorts have lower housing wealth if they have divorced. Remarriage is an important pathway for recovery.We use data from the UK Household Longitudinal Study (Understanding Society) to examine income, housing and wealth for those who divorce in England and Wales. We consider variation between different generations and examine how circumstances at divorce, the year of divorce, and re-partnering behaviour post-divorce affect our results. We find that women in all cohorts have lower household income if divorced, but that men’s household income does not suffer. Men and women in all cohorts have lower housing wealth if they have divorced. Remarriage is an important pathway for recovery.
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Date
2018Source title
Australian Journal of Family LawVolume
32Issue
1Publisher
LexisNexis AustraliaLicence
Copyright All Rights ReservedFaculty/School
Faculty of Arts and Social Sciences, School of EconomicsDepartment, Discipline or Centre
ARC Centre of Excellence for Children and Families over the Life CourseShare