✦ LIBER ✦

Transitions from home to marriage of young Americans

✍ Scribed by Dr Arnstein Aassve; Simon Burgess; Andrew Chesher; Carol Propper

Publisher: John Wiley and Sons
Year: 2002
Tongue: English
Weight: 173 KB
Volume: 17
Category: Article
ISSN: 0883-7252
DOI: 10.1002/jae.636

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✦ Synopsis

Abstract

The paper examines the impact of income on the transitions between home, living independently and first marriage of young Americans. A matching model is outlined, similar to that used in theories of job search, to explain the probability of marriage and living alone. A multiple‐state, multiple‐transition model which allows for correlated heterogeneity on the first and subsequent transitions is estimated. The results show that income has a strong and significant effect. The impact of unobserved heterogeneity is examined in detail. The impact of the young person's earnings on the transitions is explored through simulation. Copyright © 2002 John Wiley & Sons, Ltd.

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