Abstract

https://ssrn.com/abstract=2883054
 


 



Household Formation Over Time: Evidence from Two Cohorts of Young Adults


Daniel Cooper


Federal Reserve Bank of Boston

María José Luengo‐Prado


Federal Reserve Banks - Federal Reserve Bank of Boston

2016-11-15

FRB of Boston Working Paper No. 16-17

Abstract:     
This paper analyzes household formation in the United States using data from two cohorts of the national Longitudinal Survey of Youth (NLSY) — the 1979 cohort and the 1997 cohort. The analysis focuses on how various demographic and economic factors impact household formation both within cohorts and over time across cohorts. The results show that there are substantial differences over time in the share of young adults living with their parents. Differences in housing costs and business-cycle conditions can explain up to 70 percent of the difference in household-formation rates across cohorts. Shifting attitudes toward co-habitation with parents also play a role.

Number of Pages in PDF File: 34

JEL Classification: D10, J11, R20


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Date posted: December 9, 2016  

Suggested Citation

Cooper, Daniel and Luengo‐Prado, María José, Household Formation Over Time: Evidence from Two Cohorts of Young Adults (2016-11-15). FRB of Boston Working Paper No. 16-17. Available at SSRN: https://ssrn.com/abstract=2883054

Contact Information

Daniel H. Cooper (Contact Author)
Federal Reserve Bank of Boston ( email )
600 Atlantic Avenue
Boston, MA 02210
United States
617-973-4220 (Phone)
Maria Jose Luengo-Prado
Federal Reserve Banks - Federal Reserve Bank of Boston ( email )
600 Atlantic Avenue
Boston, MA 02210
United States
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