Saving and cohabitation: the economic consequences of living with one's parents in Italy and the Netherlands
"The paper deals with the e.ects of cohabitation of grown children with their parents on household saving, using data from Italy and the Netherlands. It presents a two-period gametheoretical model where the child has to decide whether to move out of the parental home. This decision is affected...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11079 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "The paper deals with the e.ects of cohabitation of grown children with their parents on household saving, using data from Italy and the Netherlands. It presents a two-period gametheoretical model where the child has to decide whether to move out of the parental home. This decision is affected by transaction costs, the child's preference for independence, and by the consumption loss induced by the move (consumption is a public good while the child lives in the parental home). We show that the child's income share affects the household saving decision, in contrast with predictions of the standard unitary model of household decision making. Empirical results from both countries are supportive of the key model predictions. We find strong positive effects of the child income share on the saving rate in Italy, where we calculate saving as the difference between disposable income and consumption but cannot distinguish children who will leave from those who will stay. We also find some significant effects of the child income share on household saving rate in the Netherlands, where saving is computed as the change over time in financial wealth. In the Dutch data we distinguish between children who stay and children who leave. The effect of the child's income share is significantly negative for those who stay, positive for those who leave"--National Bureau of Economic Research web site. |
| Beschreibung: | 32 S. graph. Darst. |
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| 520 | 3 | |a "The paper deals with the e.ects of cohabitation of grown children with their parents on household saving, using data from Italy and the Netherlands. It presents a two-period gametheoretical model where the child has to decide whether to move out of the parental home. This decision is affected by transaction costs, the child's preference for independence, and by the consumption loss induced by the move (consumption is a public good while the child lives in the parental home). We show that the child's income share affects the household saving decision, in contrast with predictions of the standard unitary model of household decision making. Empirical results from both countries are supportive of the key model predictions. We find strong positive effects of the child income share on the saving rate in Italy, where we calculate saving as the difference between disposable income and consumption but cannot distinguish children who will leave from those who will stay. We also find some significant effects of the child income share on household saving rate in the Netherlands, where saving is computed as the change over time in financial wealth. In the Dutch data we distinguish between children who stay and children who leave. The effect of the child's income share is significantly negative for those who stay, positive for those who leave"--National Bureau of Economic Research web site. | |
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| geographic | Italien Niederlande |
| geographic_facet | Italien Niederlande |
| id | DE-604.BV019889682 |
| illustrated | Illustrated |
| indexdate | 2024-08-21T00:44:13Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013213711 |
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| physical | 32 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Alessie, Rob 1958- Verfasser (DE-588)129795933 aut Saving and cohabitation the economic consequences of living with one's parents in Italy and the Netherlands Rob Alessie ; Agar Brugiavini ; Guglielmo Weber Cambridge, Mass. National Bureau of Economic Research 2005 32 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11079 "The paper deals with the e.ects of cohabitation of grown children with their parents on household saving, using data from Italy and the Netherlands. It presents a two-period gametheoretical model where the child has to decide whether to move out of the parental home. This decision is affected by transaction costs, the child's preference for independence, and by the consumption loss induced by the move (consumption is a public good while the child lives in the parental home). We show that the child's income share affects the household saving decision, in contrast with predictions of the standard unitary model of household decision making. Empirical results from both countries are supportive of the key model predictions. We find strong positive effects of the child income share on the saving rate in Italy, where we calculate saving as the difference between disposable income and consumption but cannot distinguish children who will leave from those who will stay. We also find some significant effects of the child income share on household saving rate in the Netherlands, where saving is computed as the change over time in financial wealth. In the Dutch data we distinguish between children who stay and children who leave. The effect of the child's income share is significantly negative for those who stay, positive for those who leave"--National Bureau of Economic Research web site. Ökonometrisches Modell Adult children living with parents Econometric models Adult children living with parents Economic aspects Italy Adult children living with parents Economic aspects Netherlands Young adults Housing Econometric models Italien Niederlande Brugiavini, Agar 1958- Verfasser (DE-588)129795968 aut Weber, Guglielmo 1958- Verfasser (DE-588)129599336 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11079 (DE-604)BV002801238 11079 http://papers.nber.org/papers/w11079.pdf kostenfrei Volltext |
| spellingShingle | Alessie, Rob 1958- Brugiavini, Agar 1958- Weber, Guglielmo 1958- Saving and cohabitation the economic consequences of living with one's parents in Italy and the Netherlands National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Adult children living with parents Econometric models Adult children living with parents Economic aspects Italy Adult children living with parents Economic aspects Netherlands Young adults Housing Econometric models |
| title | Saving and cohabitation the economic consequences of living with one's parents in Italy and the Netherlands |
| title_auth | Saving and cohabitation the economic consequences of living with one's parents in Italy and the Netherlands |
| title_exact_search | Saving and cohabitation the economic consequences of living with one's parents in Italy and the Netherlands |
| title_full | Saving and cohabitation the economic consequences of living with one's parents in Italy and the Netherlands Rob Alessie ; Agar Brugiavini ; Guglielmo Weber |
| title_fullStr | Saving and cohabitation the economic consequences of living with one's parents in Italy and the Netherlands Rob Alessie ; Agar Brugiavini ; Guglielmo Weber |
| title_full_unstemmed | Saving and cohabitation the economic consequences of living with one's parents in Italy and the Netherlands Rob Alessie ; Agar Brugiavini ; Guglielmo Weber |
| title_short | Saving and cohabitation |
| title_sort | saving and cohabitation the economic consequences of living with one s parents in italy and the netherlands |
| title_sub | the economic consequences of living with one's parents in Italy and the Netherlands |
| topic | Ökonometrisches Modell Adult children living with parents Econometric models Adult children living with parents Economic aspects Italy Adult children living with parents Economic aspects Netherlands Young adults Housing Econometric models |
| topic_facet | Ökonometrisches Modell Adult children living with parents Econometric models Adult children living with parents Economic aspects Italy Adult children living with parents Economic aspects Netherlands Young adults Housing Econometric models Italien Niederlande |
| url | http://papers.nber.org/papers/w11079.pdf |
| volume_link | (DE-604)BV002801238 |
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