Research Paper

Economic analysis of the leaving home decision: theory and a dynamic econometric model

By John Ermisch and Pamela Di Salvo

Publication details

Publication date
Series or book
Working Papers of the ESRC Research Centre on Micro-Social Change
Series or chapter number
95-11
Publisher
ESRC Research Centre on Micro-social Change: University of Essex

Abstract

The analysis contributes to the economic theory of household formation decisions, deriving predictions about the impact of the price of housing, young adults' income and parental income on the probability that a young adult lives away from hisher parents. It uses longitudinal data on a cohort of Britons born in 1958 (surveyed in the National Child Development Study) to estimate dynamic models of the leaving home process and to test some of the predictions of the theory.

Notes

working paper

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