Joint decisions on household membership and human capital accumulation of youths. The role of expected earnings and local markets

Gianna Claudia Giannelli () and Chiara Monfardini

Journal of Population Economics, 2003, vol. 16, issue 2, 265-285

Abstract: This paper analyses the effects of expected earnings and local markets conditions on the behaviour of young adults with high school diplomas. Decisions to either remain in the parental home or form a new household are modelled jointly with those of either gaining work experience or investing in a university education. Expected lifetime earnings are found to play a crucial role in determining the choice of studying and residing with parents. Poor labour market opportunities discourage young people from working and induce them to study. The cost of housing greatly influences the choice of working and leaving the parental home. Copyright Springer-Verlag Berlin Heidelberg 2003

Keywords: JEL classification: C25; J12; J24; Key words: Living arrangements; expected lifetime earnings; multinomial probit (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (92)

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Working Paper: Joint Decisions on Household Membership and Human Capital Accumulation of Youths - The role of expected earnings and local markets (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:jopoec:v:16:y:2003:i:2:p:265-285

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DOI: 10.1007/s001480200119

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