Transitions from home to marriage of young Americans
AbstractThe paper examines the impact of income on the transitions between home, living independently and first marriage of young Americans. A matching model is outlined, similar to that used in theories of job search, to explain the probability of marriage and living alone. A multiple-state, multiple-transition model which allows for correlated heterogeneity on the first and subsequent transitions is estimated. The results show that income has a strong and significant effect. The impact of unobserved heterogeneity is examined in detail. The impact of the young person's earnings on the transitions is explored through simulation. Copyright © 2002 John Wiley & Sons, Ltd.
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Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Journal of Applied Econometrics.
Volume (Year): 17 (2002)
Issue (Month): 1 ()
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Web page: http://www.interscience.wiley.com/jpages/0883-7252/
Other versions of this item:
- Arnstein Aassve & Simon Burgess & Andrew Chesher & Carol Propper, 2001. "Transitions from home to marriage of young Americans," MPIDR Working Papers WP-2001-004, Max Planck Institute for Demographic Research, Rostock, Germany.
- J1 - Labor and Demographic Economics - - Demographic Economics
- Z0 - Other Special Topics - - General
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