Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/21034
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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 thebehaviour of young adults with high school diplomas. Decisions to either remain in the parentalhome or form a new household are modelled jointly with those of either gaining work experienceor investing in a university education. A multinomial probit model estimates the probabilities ofthe different pairs of outcomes. Expected lifetime earnings of youths are modelled andestimated, 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 isexpected lifetime earnings from a university degree. A sizeable discouraged worker effectinduces young people to study when labour market opportunities are poor. The cost of housinggreatly influences the choice of working and living in the parental home. Two policy experimentsoffer some suggestions for policy makers. The first one measures the extent to which housingpolicies, targeted at reducing housing costs, would allow youths to live away from the parentalhome. A second indicates how much labour market policies, targeted at lowering youthunemployment to some desired levels, could decrease the number of discouraged workers thatchoose to study.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion paper series |x191en_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.ppn835308707en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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