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dc.contributor.authorGiannelli, Gianna Claudiaen_US
dc.contributor.authorMonfardini, Chiaraen_US
dc.date.accessioned2009-01-28T16:18:49Z-
dc.date.available2009-01-28T16:18:49Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/21034-
dc.description.abstractThis 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. A multinomial probit model estimates the probabilities of the different pairs of outcomes. Expected lifetime earnings of youths are modelled and estimated, and serve as choice-specific regressors in the probit model. According to our results, the most important factor influencing the choice of studying and residing with parents is expected lifetime earnings from a university degree. A sizeable discouraged worker effect induces young people to study when labour market opportunities are poor. The cost of housing greatly influences the choice of working and living in the parental home. Two policy experiments offer some suggestions for policy makers. The first one measures the extent to which housing policies, targeted at reducing housing costs, would allow youths to live away from the parental home. A second indicates how much labour market policies, targeted at lowering youth unemployment to some desired levels, could decrease the number of discouraged workers that choose to study.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 191en_US
dc.subject.jelC25en_US
dc.subject.jelJ12en_US
dc.subject.jelJ24en_US
dc.subject.jelJ31en_US
dc.subject.ddc330en_US
dc.subject.keywordHuman capitalen_US
dc.subject.keywordliving arrangementsen_US
dc.subject.keywordlocal labour marketsen_US
dc.subject.keywordmultinomial probiten_US
dc.subject.stwJugendlicheen_US
dc.subject.stwBildungsökonomiken_US
dc.subject.stwWohnungswechselen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwLebenseinkommenen_US
dc.subject.stwErwartungstheorieen_US
dc.subject.stwLehrstellenmarkten_US
dc.subject.stwRegionale Arbeitslosigkeiten_US
dc.subject.stwSchätzungen_US
dc.subject.stwItalienen_US
dc.titleJoint Decisions on Household Membership and Human Capital Accumulation of Youths - The role of expected earnings and local marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn319833194en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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