Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21034 
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dc.contributor.authorGiannelli, Gianna Claudiaen
dc.contributor.authorMonfardini, Chiaraen
dc.date.accessioned2009-01-28T16:18:49Z-
dc.date.available2009-01-28T16:18:49Z-
dc.date.issued2000-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x191en
dc.subject.jelC25en
dc.subject.jelJ12en
dc.subject.jelJ24en
dc.subject.jelJ31en
dc.subject.ddc330en
dc.subject.keywordHuman capitalen
dc.subject.keywordliving arrangementsen
dc.subject.keywordlocal labour marketsen
dc.subject.keywordmultinomial probiten
dc.subject.stwJugendlicheen
dc.subject.stwBildungsökonomiken
dc.subject.stwWohnungswechselen
dc.subject.stwBildungsertragen
dc.subject.stwLebenseinkommenen
dc.subject.stwErwartungstheorieen
dc.subject.stwLehrstellenmarkten
dc.subject.stwRegionale Arbeitslosigkeiten
dc.subject.stwSchätzungen
dc.subject.stwItalienen
dc.titleJoint Decisions on Household Membership and Human Capital Accumulation of Youths - The role of expected earnings and local markets-
dc.typeWorking Paperen
dc.identifier.ppn835308707en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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