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Financial Outcomes in Adolescence and Early Adulthood in Australian Longitudinal Data

Author

Listed:
  • John de New

    (Melbourne Institute: Applied Economic & Social Research, The University of Melbourne)

  • David Ribar

    (Melbourne Institute: Applied Economic & Social Research, The University of Melbourne)

  • Christopher Ryan

    (Melbourne Institute: Applied Economic & Social Research, The University of Melbourne)

  • Clement Wong

    (Melbourne Institute: Applied Economic & Social Research, The University of Melbourne)

Abstract

This article describes and catalogues person-specific measures of financial outcomes that are available for adolescents and young adults in three large longitudinal Australian surveys: the Longitudinal Surveys of Australian Youth, the Longitudinal Study of Australian Children, and the Household, Income and Labour Dynamics in Australia Survey. It summarises international research that has been conducted on young people's financial outcomes, illustrating outcomes that have been investigated, research questions that have been asked, and distinctions that have been drawn between adolescents and young adults. It considers the strengths and weaknesses of the three surveys for extending this research into the Australian context.

Suggested Citation

  • John de New & David Ribar & Christopher Ryan & Clement Wong, 2019. "Financial Outcomes in Adolescence and Early Adulthood in Australian Longitudinal Data," Melbourne Institute Working Paper Series wp2019n20, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    • Handle: RePEc:iae:iaewps:wp2019n20
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    File URL: https://melbourneinstitute.unimelb.edu.au/__data/assets/pdf_file/0012/3257859/wp2019n20.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    financial outcomes; adolescence; early adulthood; HILDA survey; LSAY; LSAC;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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