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  1. Joint decisions on household membership and human capital accumulation of youths
    the role of expected earnings and local markets
    Erschienen: 2000
    Verlag:  IZA, Bonn

    This paper analyses the effects of expected earnings and local markets conditions on the behaviour of young adults with high school diplomas. Decisions to either remain in the parental home or form a new household are modelled jointly with those of... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1194 (191)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
    98/464 B-191
    keine Fernleihe

     

    This paper analyses the effects of expected earnings and local markets conditions on the behaviour of young adults with high school diplomas. Decisions to either remain in the parental home or form a new household are modelled jointly with those of either gaining work experience or investing in a university education. A multinomial probit model estimates the probabilities of the different pairs of outcomes. Expected lifetime earnings of youths are modelled and estimated, 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 is expected lifetime earnings from a university degree. A sizeable discouraged worker effect induces young people to study when labour market opportunities are poor. The cost of housing greatly influences the choice of working and living in the parental home. Two policy experiments offer some suggestions for policy makers. The first one measures the extent to which housing policies, targeted at reducing housing costs, would allow youths to live away from the parental home. A second indicates how much labour market policies, targeted at lowering youth unemployment to some desired levels, could decrease the number of discouraged workers that choose to study.

     

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      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    RVK Klassifikation: QV 000
    Schriftenreihe: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 191
    Schlagworte: Jugendliche; Bildungsökonomik; Wohnungswechsel; Bildungsertrag; Lebenseinkommen; Erwartungsbildung; Ausbildungsmarkt; Regionaler Arbeitsmarkt; Schätzung; Italien
    Umfang: 25 S, graph. Darst
    Bemerkung(en):

    Literaturverz. S. 19 - 20

  2. Joint decisions on household membership and human capital accumulation of youths
    the role of expected earnings and local markets
    Erschienen: 2000
    Verlag:  Institute for the Study of Labor (IZA), Bonn

    This paper analyses the effects of expected earnings and local markets conditions on the behaviour of young adults with high school diplomas. Decisions to either remain in the parental home or form a new household are modelled jointly with those of... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (191)
    keine Fernleihe

     

    This paper analyses the effects of expected earnings and local markets conditions on the behaviour of young adults with high school diplomas. Decisions to either remain in the parental home or form a new household are modelled jointly with those of either gaining work experience or investing in a university education. A multinomial probit model estimates the probabilities of the different pairs of outcomes. Expected lifetime earnings of youths are modelled and estimated, 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 is expected lifetime earnings from a university degree. A sizeable discouraged worker effect induces young people to study when labour market opportunities are poor. The cost of housing greatly influences the choice of working and living in the parental home. Two policy experiments offer some suggestions for policy makers. The first one measures the extent to which housing policies, targeted at reducing housing costs, would allow youths to live away from the parental home. A second indicates how much labour market policies, targeted at lowering youth unemployment to some desired levels, could decrease the number of discouraged workers that choose to study.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Volltext (kostenfrei)
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/21034
    RVK Klassifikation: QV 000
    Schriftenreihe: IZA Discussion paper series ; 191
    Schlagworte: Jugendliche; Bildungsökonomik; Wohnungswechsel; Bildungsertrag; Lebenseinkommen; Erwartungsbildung; Ausbildungsmarkt; Regionaler Arbeitsmarkt; Schätzung; Italien
    Umfang: Online-Ressource ([2], 25 S.), graph. Darst.