Residential choices of young Americans
Eleonora Patacchini and
Tiziano Arduini ()
Journal of Housing Economics, 2016, vol. 34, issue C, 69-81
Using detailed data on a cohort of young Americans who were in their late twenties and early thirties in 2008, we investigate the importance of forces different from economic incentives in nest-leaving decisions. We apply recent methods from social network econometrics to identify the importance of peers net of confounding factors. For the entire sample, our findings reveal no evidence of peer effects. Indicators of parenting and the social structure of families appear to be the major factors in the decisions to coreside with parents. However, for those who moved back home after a few years of living alone, we find strong peer effects. These findings are consistent with theories of social influences in peer groups in which peers play a critical role for individuals with time-inconsistent preferences.
Keywords: Living arrangements; Social networks; Endogenous network formation; Spatial autoregressive model; Control function approach; Bayesian estimation; Social multiplier (search for similar items in EconPapers)
JEL-codes: A14 C21 D85 R21 Z13 (search for similar items in EconPapers)
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Working Paper: Residential Choices of Young Americans (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:34:y:2016:i:c:p:69-81
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