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The Role of Partnership Status and Expectations on the Emancipation Behaviour of Spanish Graduates

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  • Mendez, Ildefonso

Abstract

Leaving the nest in Southern Europe, and to a lesser extend in other countries, is a decision taken simultaneously by two young adults who form a new household. However, nothing is known about the e¤ect of partnership status on children�s eman- cipation since conventional datasets do not collect this information. To �ll this gap we have collected a unique dataset of 1.600 individuals that is representative of the population of graduates at the University of Murcia aged 25 to 29 years at the time of the �rst interview in 2004. Non-emancipated respondents were reinterviewed 12 and 24 months following the initial interview and we elicited their subjective beliefs about the one-year-ahead probability of several personal and job-related outcomes. Our empirical results indicate that having a partner is as relevant as being em- ployed for men to emancipate. For women, the marginal e¤ect of having a partner is three times larger than that of working. Expectations measures reveal informa- tion about the realization of the reference outcome not otherwise available from objective variables. Moreover, partnered respondents� expectations about living with their partner and about their employed partners losing their job or becom- ing unemployed are strong predictors of future emancipation even conditional upon numerous observable characteristics.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8655.

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Date of creation: Mar 2008
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Handle: RePEc:pra:mprapa:8655

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Keywords: youth; emancipation; partner; expectations;

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  1. Nuno Martins & Ernesto Villanueva, 2006. "Does limited access to mortgage debt explain why young adults live with their parents?," Banco de Espa�a Working Papers 0628, Banco de Espa�a.
  2. Sascha Becker & Samuel Bentolila & Ana Fernandes & Andrea Ichino, 2010. "Youth emancipation and perceived job insecurity of parents and children," Journal of Population Economics, Springer, vol. 23(3), pages 1047-1071, June.
  3. Guiso, Luigi & Jappelli, Tullio, 1998. "Private Transfers, Borrowing Constraints and the Timing of Homeownership," CEPR Discussion Papers 2050, C.E.P.R. Discussion Papers.
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  8. Dominitz, J. & Manski, C.F., 1996. "Perceptions of Economic Insecurity: Evidence from the Survey of Economic Expectations," Working papers 9614, Wisconsin Madison - Social Systems.
  9. Melvin Stephens, 2004. "Job Loss Expectations, Realizations, and Household Consumption Behavior," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 253-269, February.
  10. De la Rica Goiricelaya, Sara & Iza Padilla, María Amaya, 2003. "Career Planning in Spain: Do temporary contracts delay marriage and motherhood?," DFAEII Working Papers 2003-05, University of the Basque Country - Department of Foundations of Economic Analysis II.
  11. David Campbell & Alan Carruth & Andrew Dickerson & Francis Green, 2007. "Job insecurity and wages," Economic Journal, Royal Economic Society, vol. 117(518), pages 544-566, 03.
  12. Ribar, David C., 2004. "What Do Social Scientists Know About the Benefits of Marriage? A Review of Quantitative Methodologies," IZA Discussion Papers 998, Institute for the Study of Labor (IZA).
  13. Charles F. Manski, 2004. "Measuring Expectations," Econometrica, Econometric Society, vol. 72(5), pages 1329-1376, 09.
  14. Paola Giuliano, 2005. "Living Arrangements in Western Europe: Does Cultural Origin Matter?," 2005 Meeting Papers 189, Society for Economic Dynamics.
  15. Fernandes Ana & Becker Sascha O & Bentolila Samuel & Ichino Andrea, 2008. "Income Insecurity and Youth Emancipation: A Theoretical Approach," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-42, July.
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