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Shaefer and Edin's book ($2 a Day) cited in piece on political debate over plight of impoverished Americans

Eisenberg tracks factors affecting both mental health and athletic/academic performance among college athletes

Shapiro says Americans' low spending reflects "cruel lesson" about the dangers of debt

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Susan Murphy elected to the National Academy of Sciences

Maggie Levenstein named director of ISR's Inter-university Consortium for Political and Social Research

Arline Geronimus receives 2016 Harold R. Johnson Diversity Service Award

PSC spring 2016 newsletter: Kristin Seefeldt, Brady West, newly funded projects, ISR Runs for Bob, and more

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How to Carve a Medical Degree: Human Capital Assets in Divorce Settlements

Archived Abstract of Former PSC Researcher

Borenstein, Severin, and Paul Courant. 1989. "How to Carve a Medical Degree: Human Capital Assets in Divorce Settlements." American Economic Review, Vol 79 (December), 992-1009.

This paper examines effects of the legal rules for property division at divorce on investment in human capital during marriage. We show that current rules generally lead to suboptimal levels of investment and spousal support or to inequitable distribution of the returns from such investment, or both. We propose a new rule that performs better than the existing rules on both efficiency and equity criteria and that requires no more information than the existing rules.

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