Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7363647 | Journal of Housing Economics | 2018 | 18 Pages |
Abstract
This paper examines how various demographic and economic factors impact household formation both within and across cohorts. The results show substantial differences in the share of young adults living with their parents over time. Differences in demographics, housing costs, and business-cycle conditions can explain as much as 70 percent of the difference in household-formation rates across cohorts, a result driven in large part by increased sensitivity of young adults' household-formation decisions to economic conditions. Changes in parenting styles and shifting social norms likely also play roles.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Daniel Cooper, MarÃa José Luengo-Prado,