Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171771
Authors: 
Cooper, Daniel
Luengo-Prado, María José
Year of Publication: 
2016
Series/Report no.: 
Working Papers, Federal Reserve Bank of Boston 16-17
Abstract: 
This paper analyzes household formation in the United States using data from two cohorts of the national Longitudinal Survey of Youth (NLSY) - the 1979 cohort and the 1997 cohort. The analysis focuses on how various demographic and economic factors impact household formation both within cohorts and over time across cohorts. The results show that there are substantial differences over time in the share of young adults living with their parents. Differences in housing costs and business-cycle conditions can explain up to 70 percent of the difference in household-formation rates across cohorts. Shifting attitudes toward co-habitation with parents also play a role.
JEL: 
J11
D10
R20
Document Type: 
Working Paper

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