Leaving Home: What Economics Has to Say About the Living Arrangements of Young Australians

45 Pages Posted: 23 May 2008

See all articles by Deborah A. Cobb-Clark

Deborah A. Cobb-Clark

School of Economics, University of Sydney; IZA Institute of Labor Economics

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Abstract

Like their counterparts elsewhere, more young Australians than ever are delaying the move to establish residential independence from their parents. This paper reviews the developing economics literature surrounding young people's decisions to continue living in their parents' homes in order to begin to assess the causes and consequences of this decision. In particular, co-residence with parents appears to be an important form of intergenerational support for young adults. It is important to understand the extent to which young people rely on this form of support as they complete their education, enter the labour market, and establish themselves as independent adults. Specific attention is paid to the ways in which Australian income-support, education, and housing policies may influence these patterns.

Keywords: economics of the family, household decision-making

JEL Classification: J11, J13

Suggested Citation

Cobb-Clark, Deborah A., Leaving Home: What Economics Has to Say About the Living Arrangements of Young Australians. , Vol. , pp. -, . Available at SSRN: https://ssrn.com/abstract=1135885 or http://dx.doi.org/10.1111/j.0042-7092.2007.00700.x

Deborah A. Cobb-Clark (Contact Author)

School of Economics, University of Sydney ( email )

606 Social Sciences Bldg. (A02)
The University of Sydney
Sydney, NSW 2006
Australia
61435061387 (Phone)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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