A vast literature addresses the correlates of marital stability, but little
is known about what unites cohabiting partners over time. Although a speci
alized division of labor might increase the benefits of marriage and streng
then ties between husband and wife, transactional considerations make speci
alization unattractive for cohabiters. Drawing from work on the emergence o
f commitment, we argue that cohabiters are more likely to remain together u
nder conditions of equality Using data from the Panel Study of Income Dynam
ics, we test these ideas by modeling the stability of married and longterm
cohabiting unions in the United Stares. We find that married couples who ad
opt a more specialized division of labor are less likely to divorce, but th
e effect is modest. Among cohabiters, partners whew employment and earnings
are increasingly similar face sharply reduced risks of breaking up, but th
e effect is asymmetric: Inequality is more disruptive when the female cohab
iter earns more than her partner.