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<p>This study investigates a household’s commitment to a resource allocation by utilizing a 2007 Japanese pension reform allowing divorced women to claim a portion of their husband’s pension benefits while keeping the household’s total benefits unchanged. Although the reform would have had no effect on a couple’s decision making under full commitment, we find that it increased wives’ leisure activities and decreased their market and domestic work. This suggests that wives were able to increase their welfare by exploiting an improved outside option, and thus their commitment to the resource allocation was less than complete.</p>

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Empowerment effects and intertemporal commitment of married couples: evidence from Japanese pension reform

  • 期刊论文

  • 发表日期：

    2025年3月15日

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  • Takahiro Toriyabe

摘要

This study investigates a household’s commitment to a resource allocation by utilizing a 2007 Japanese pension reform allowing divorced women to claim a portion of their husband’s pension benefits while keeping the household’s total benefits unchanged. Although the reform would have had no effect on a couple’s decision making under full commitment, we find that it increased wives’ leisure activities and decreased their market and domestic work. This suggests that wives were able to increase their welfare by exploiting an improved outside option, and thus their commitment to the resource allocation was less than complete.