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A nest or a golden cage? Family co‐residence and human capital investment decisions of young adults

A nest or a golden cage? Family co‐residence and human capital investment decisions of young adults Household arrangements and human capital investment decisions of young Italians with a high school diploma are analysed. A model of the choices of residing with parents or forming a new family, jointly with those of investing in either work experience, or further education, or stopping investment is estimated. The results show that family background has a major impact on the decision to study, housing costs induce co-residence, and unemployment increases the probability of studying. Education policies subsidising university studies on a merit ground would thus reduce income inequality, housing allowances would favour marriage, and labour policies would have the side-effect of decreasing university dropouts. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Manpower Emerald Publishing

A nest or a golden cage? Family co‐residence and human capital investment decisions of young adults

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References (13)

Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0143-7720
DOI
10.1108/01437720010336012
Publisher site
See Article on Publisher Site

Abstract

Household arrangements and human capital investment decisions of young Italians with a high school diploma are analysed. A model of the choices of residing with parents or forming a new family, jointly with those of investing in either work experience, or further education, or stopping investment is estimated. The results show that family background has a major impact on the decision to study, housing costs induce co-residence, and unemployment increases the probability of studying. Education policies subsidising university studies on a merit ground would thus reduce income inequality, housing allowances would favour marriage, and labour policies would have the side-effect of decreasing university dropouts.

Journal

International Journal of ManpowerEmerald Publishing

Published: May 1, 2000

Keywords: Family life; Housing; Costs

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