Transitions from home to marriage of young Americans
Simon Burgess (),
Andrew Chesher () and
Journal of Applied Econometrics, 2002, vol. 17, issue 1, 1-23
The paper examines the impact of income on the transitions between home, living independently and first marriage of young Americans. A matching model is outlined, similar to that used in theories of job search, to explain the probability of marriage and living alone. A multiple-state, multiple-transition model which allows for correlated heterogeneity on the first and subsequent transitions is estimated. The results show that income has a strong and significant effect. The impact of unobserved heterogeneity is examined in detail. The impact of the young person's earnings on the transitions is explored through simulation. Copyright © 2002 John Wiley & Sons, Ltd.
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Working Paper: Transitions from home to marriage of young Americans (2001)
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