Household formation over time: evidence from two cohorts of young adults

Daniel Cooper and Maria Luengo-Prado

No 16-17, Working Papers from Federal Reserve Bank of Boston

Abstract: This paper analyzes household formation in the United States using data from two cohorts of the national Longitudinal Survey of Youth (NLSY)?the 1979 cohort and the 1997 cohort. The analysis focuses on how various demographic and economic factors impact household formation both within cohorts and over time across cohorts. The results show that there are substantial differences over time in the share of young adults living with their parents. Differences in housing costs and business-cycle conditions can explain up to 70 percent of the difference in household-formation rates across cohorts. Shifting attitudes toward co-habitation with parents also play a role.

JEL-codes: D10 J11 R20 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2016-11-15
New Economics Papers: this item is included in nep-lab
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Household formation over time: Evidence from two cohorts of young adults (2018)
Working Paper: Household formation over time: evidence from two cohorts of young adults (2015)
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