Book a Demo!
CoCalc Logo Icon
StoreFeaturesDocsShareSupportNewsAboutPoliciesSign UpSign In
Download
29547 views
1
2
3
4
5
6
The Marriage Contract
7
8
Premarital agreements are
9
rare. This observation used to dismay the late Nobel laureate George Stigler:
10
He maintained that the grand institution of matrimony is demeaned by those who
11
can't be bothered to negotiate its details.
12
13
A
14
marriage is a contract. You can write that contract yourself (in which case
15
it's called a "premarital agreement"), or you can accept the default contract
16
written by your state legislators. Now comes the state of Louisiana, determined
17
to expand its citizens' options. Henceforth, Louisianians will be able to
18
choose between two prefabricated contracts, each with very different
19
provisions for divorce. The first option is similar to the no-fault contract
20
that is standard in other states. The second--the so-called "covenant
21
marriage"--makes divorce far more difficult.
22
23
Even if you never divorce, your choice among contracts can
24
affect the entire course of your marriage. That's because the
25
possibility of divorce alters your incentives to keep your spouse happy
26
(and vice versa). Of course, you might want to keep your spouse happy for other
27
reasons, the most notable of which is love. Sometimes, love is all you need.
28
But because we're talking about divorce law, I want to focus on cases where
29
love is not enough--and in those cases, to ask which contract provides the best
30
incentive for good marital behavior. The answer may not be what you think.
31
32
While
33
we're at it, let's compare three kinds of marriage: a no-fault contract
34
(where either party can obtain a divorce on demand), a mutual-consent contract
35
(where both parties must agree to a divorce), and a covenant marriage (where
36
even mutual consent is not enough). You might think that no-fault marriages are
37
always the most likely to end in divorce. That isn't true, and here's one
38
reason why: A lot of marital issues are negotiable--like who should do the
39
dishes, who gets to operate the remote control, which one wears the anti-snore
40
device and which one wears the earplugs, and so on. Here the negotiating
41
process itself provides all the right incentives to respect your spouse's
42
needs. What you won't do for love, you'll still do for a bribe. And those
43
things you won't do even for a bribe are, presumably, sufficiently distasteful
44
that you shouldn't do them.
45
46
47
Bribery works equally well under no-fault and
48
mutual consent (though the choice of contract alters the balance of power and
49
therefore might alter the size of the bribes). Under either system, the
50
marriage survives as long as it's possible to keep both partners happier
51
together than they would be apart. Therefore, the two systems produce the same
52
number of divorces. (If you're not convinced by that argument--which is a
53
special case of a general principle that economists call the Coase theorem,
54
click for an illustrative numerical example.)
55
56
On the
57
other hand, if you're in a covenant marriage--where you can't get a divorce
58
even by mutual consent--divorce might be impossible even when the marriage
59
turns bad for both of you. If we assume that all marital conflicts are
60
negotiable, the covenant marriage has no offsetting advantages: It keeps
61
couples together only in those cases where they'd both be happier apart.
62
63
The analysis changes if there are important decisions that
64
can't be negotiated, like the decision whether to bring home a surprise
65
bouquet of flowers. Chronic thoughtlessness on such matters can cause a
66
marriage to deteriorate. The knowledge that divorce is impossible might make
67
you strive harder to avoid such deterioration--and it might do the same for
68
your spouse. In that sense, a covenant marriage is like the old nuclear-war
69
Doomsday Machine: You are each on notice that you'd better work hard to
70
preserve a good marriage, or you'll both be forced to live your lives in a bad
71
one. Doomsday Machines can be very effective. But sometimes they blow up. So
72
the covenant marriage is a mixed blessing.
73
74
It's the
75
issues you can't negotiate that make the covenant marriage worth considering.
76
But that same inability can make no-fault marriages the strongest of all. In a
77
no-fault marriage, a happy spouse will treat you well to prevent your leaving.
78
That gives you an incentive to keep your spouse happy. And this process feeds
79
on itself: Your spouse works to make you happy, which makes you want to
80
preserve the marriage, which makes you work to make your spouse happy, which
81
makes your spouse want to preserve the marriage, and so on, in a great virtuous
82
circle.
83
84
85
By contrast, if divorce required mutual
86
consent, your spouse could accept your efforts to make him or her happy without
87
feeling a strong need to reciprocate. This prospect discourages you from
88
bearing gifts in the first place. But when either partner has the power to end
89
the marriage, kindness tends to be repaid with kindness, and therefore kindness
90
thrives. Notice, once again, that this analysis applies only to surprise
91
efforts. Efforts that are negotiated in advance can be negotiated equally well
92
under any contract.
93
94
So here is the bottom line:
95
When marital issues are negotiable, we are in the domain of the Coase theorem,
96
where no-fault and mutual consent do equally well and where covenant marriage
97
is always a mistake. But when important issues can't be negotiated, both the
98
covenant marriage and the no-fault contract become more attractive, for
99
different reasons.
100
101
This analysis is far from
102
exhaustive, and I know from much recent experience that Slate readers will
103
forcefully call my attention to scenarios I've failed to consider. Let me
104
pre-empt them and go a step further by pointing out a basic question I've
105
ignored: How does a change in the marriage contract affect a couple's decision
106
about whether to get married in the first place? There's a lot of interesting
107
economics in that question, and if I manage to sort it out, I'll let you
108
know.
109
110
111
112
113
114