TITLE

Understanding the Factors Influencing the Income Gap Between Divorcees

AUTHOR(S)
Hale, Kelly D.; Neidermeyer, Adolph A.; Pearson, Timothy A.; Riley, Jr., Richard A.
PUB. DATE
December 2008
SOURCE
Journal of Financial Planning;Dec2008, Vol. 21 Issue 12, p62
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
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. • The financial planners role in today's environment requires a shift in client focus, a change in the content of planning information conveyed, and a greater level of awareness of the current Internal Revenue Code provisions related to divorce topics.
ACCESSION #
35665222

 

Related Articles

  • The four-letter word for divorce. Jankowski, Kathryn // CA Magazine;Apr2007, Vol. 140 Issue 3, p39 

    The article discusses the issue related to financial divorce. Accountants, particularly Financial Divorce Specialists (FDS) helps clients avoid costly mistakes in the division of assets to ensure their future financial well-being. Financial planning is important in every transition, FDS can help...

  • GREY ABANDON. Laurence, Michael // Bulletin with Newsweek;8/14/2007, Vol. 125 Issue 6582, p52 

    The article offers advices for old age divorced couples regarding financial issues. It is suggested that older couples, in case of divorce, should sell their house and share its proceeds. It is further suggested that if spouse with financial control hides assets, then the other partner should...

  • Both parties can benefit from financial planning for a divorce. Kenny, Jack // New Hampshire Business Review;06/01/2001-06/14/2001, Vol. 23 Issue 11, p1 

    Discusses the benefits of financial planning to couples who plan for a divorce. Evaluation of assets that have long-term growth potential; Utilization of Web site services as a tool in divorce planning; Consideration for the financial capability of husbands and wives in the divorce settlement plan.

  • What's a woman to do? Walker, Rob // Town & Country;Jan98, Vol. 152 Issue 5212, p115 

    Addresses issues pertaining to the division of marital assets by soon-to-be divorced people. Example of megadivorce of Connecticut-based couple Gary C. and Lorna J. Wendt; Factors affecting the division of marital assets; Concept of equitable distribution; Reaction of matrimonial lawyers.

  • EVERYTHING YOU'RE GIVING ME IS JUST THINGS YOU'RE GIVING ME. Schwerner, Armand; Zweig, Ellen // Kenyon Review;Winter94, Vol. 16 Issue 1, p38 

    Presents a drama, `Everything you're giving me is just things you're giving me.' Drama about appropriation of marital assets during divorce.

  • Celebrity Splits.  // ABA Journal;Sep91, Vol. 77 Issue 9, p80 

    Reports on the decision of the New York Appellate Division court recognizing that a spouse's celebrity status could be part of a marital estate in divorce proceedings. Details of the case; Contribution of a spouse to the enhanced value of the partner's career.

  • Women still battling for equality on reserve. NARINE, SHARI // Alberta Sweetgrass;Mar2011, Vol. 18 Issue 4, p3 

    The article reports on a survey conducted by the Frontier Centre for Pubic Policy (FCPP) in 2011 which indicated lack of confidence in the band government of Alberta when it came to protect women from violence on the reserve and belief that marital property on the reserve should be divided...

  • Divorce And The Executive: Watch The Balance Sheet. Jennette, Steve; Rohn, Bill // Grand Rapids Business Journal;5/20/2002, Vol. 20 Issue 20, p21 

    Focuses on the distribution of marital assets during divorce proceedings in the U.S. Marital assets included for divorce purposes; Identification and valuation of marital property.

  • EQUITABLE DISTRIBUTION. Helfand, Tanya // Desi Talk;12/13/2013, Vol. 17 Issue 50, p27 

    The article focuses on equitable distribution which is define as distribution of assets and debts acquired during marriage at the time of divorce and highlights the importance of financial and tax planning before and during marriage.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics