Economic analysis of the leaving home decision: theory and a dynamic econometric model

Publication type

Research Paper

Series Number

95-11

Series

Working Papers of the ESRC Research Centre on Micro-Social Change

Authors

Publication date

April 1, 1995

Abstract:

The analysis contributes to the economic theory of household formation decisions, deriving predictions about the impact of the price of housing, young adults' income and parental income on the probability that a young adult lives away from hisher parents. It uses longitudinal data on a cohort of Britons born in 1958 (surveyed in the National Child Development Study) to estimate dynamic models of the leaving home process and to test some of the predictions of the theory.

Subjects

Notes

working paper

#492875

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