Prices, parents, and young people’s household formation

Publication type

Journal Article

Author

Publication date

June 1, 1999

Abstract:

An economic theory of young people's decision to live apart from parents is presented and used to structure econometric analyses of the processes of leaving the parental home and returning to it, which employ data from the British Household Panel Survey for the first half of the 1990s. The econometric estimates support the predictions of the theory. In particular, tighter housing markets, as indicated by higher regional relative house prices, significantly retard home leaving, especially the formation of partnerships, and encourage returns to the parental home. Young people with larger current income are more likely to leave, but less likely to return to, the parental home.

Published in

Journal of Urban Economics

Volume and page numbers

Volume: 45 (1):47-71 , p.47 -73

DOI

http://dx.doi.org/10.1006/juec.1998.2083

Subjects


Related Publications

#504874

News

Latest findings, new research

Publications search

Search all research by subject and author

Podcasts

Researchers discuss their findings and what they mean for society

Projects

Background and context, methods and data, aims and outputs

Events

Conferences, seminars and workshops

Survey methodology

Specialist research, practice and study

Taking the long view

ISER's annual report

Themes

Key research themes and areas of interest