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Autor:innen: 
Angelini, Viola
Bertoni, Marco
Weber, Guglielmo
Datum: 
2020
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 13659
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
We study the role played by the standard of living during childhood on nest leaving. Using data from SHARE, we show empirically that individuals who grew up in a golden nest leave the parental home later and that education only partially mediates this effect. This relationship holds across different cultures, for both males and females, urban and rural residents. We then use a 3-period lifecycle model to show that this behaviour is consistent with standard assumptions on preferences and resources if earnings increase with age, and that habit-forming preferences reinforce the delaying effect of a golden nest on nest leaving.
Schlagwörter: 
nest leaving
socio-economic status
habit-forming preferences
intergenerational mobility
SHARE
JEL: 
D15
J12
J13
J62
Dokumentart: 
Working Paper

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