The Decisions of Spanish Youth: A Cross-Section Study

This paper presents a simultaneous model for the joint decisions of working, studying and leaving the parental household by young people in Spain. Using cross-section data from the 1990-1991 Encuesta de Presupuestos Familiares, the model is estimated by a two stage estimation method. Endogeneity of...

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Bibliographic Details
Published in:Journal of population economics 2002-05, Vol.15 (2), p.305-330
Main Authors: Martínez-Granado, Maite, Ruiz-Castillo, Javier
Format: Article
Language:English
Subjects:
Age groups
Altruism
Capital investments
Consistent estimators
Economic conditions
Economic models
Education
Estimation methods
Estimators
Family Issues
Households
Housing
Human capital
Labor market
Living arrangements
Parents
Parents & parenting
Regional differences
Unemployment
Unemployment rates
Young adults
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Summary:This paper presents a simultaneous model for the joint decisions of working, studying and leaving the parental household by young people in Spain. Using cross-section data from the 1990-1991 Encuesta de Presupuestos Familiares, the model is estimated by a two stage estimation method. Endogeneity of the three decisions proves to be important in order to understand the dynamics of household formation. Our results also confirm a number of plausible intuitions about the effect of individual characteristics and economic variables on these decisions, and provide some new insights into the reasons for young people in Spain remaining in large numbers in the parental home. Most of the results are gender independent.
ISSN:0933-1433
1432-1475
DOI:10.1007/s001480100082