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Financial stress, family relationships, and Australian youths’ transitions from home and school

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  • Deborah Cobb-Clark

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  • David Ribar

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Abstract

We analyze the effect of mothers’ and youths’ reports of family financial stress and relationship dissatisfaction on Australian youths’ transitions into adult roles. We find that mothers’ reports of financial stresses and borrowing constraints are associated with earlier transitions to inactivity, while youths’ reports of financial stresses are associated with earlier nest-leaving. Youths reporting unsatisfactory relationships with parents leave school and move out earlier than their peers, while unsatisfactory relationships between parents are associated with youths making later transitions. Overall, financial stress and dissatisfaction have independent associations with youths’ transitions and youths’ perspectives have different consequences to those of their mothers. Copyright Springer Science+Business Media, LLC 2012

Suggested Citation

  • Deborah Cobb-Clark & David Ribar, 2012. "Financial stress, family relationships, and Australian youths’ transitions from home and school," Review of Economics of the Household, Springer, vol. 10(4), pages 469-490, December.
  • Handle: RePEc:kap:reveho:v:10:y:2012:i:4:p:469-490
    DOI: 10.1007/s11150-011-9133-6
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    References listed on IDEAS

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    1. McElroy, Marjorie B, 1985. "The Joint Determination of Household Membership and Market Work: The Case of Young Men," Journal of Labor Economics, University of Chicago Press, vol. 3(3), pages 293-316, July.
    2. Shelly Lundberg & Jennifer Romich & Kwok Tsang, 2009. "Decision-making by children," Review of Economics of the Household, Springer, vol. 7(1), pages 1-30, March.
    3. Robert Haveman & Barbara Wolfe, 1995. "The Determinants of Children's Attainments: A Review of Methods and Findings," Journal of Economic Literature, American Economic Association, vol. 33(4), pages 1829-1878, December.
    4. Lingxin Hao & V.Joseph Hotz & GingerZ. Jin, 2008. "Games Parents and Adolescents Play: Risky Behaviour, Parental Reputation and Strategic Transfers," Economic Journal, Royal Economic Society, vol. 118(528), pages 515-555, April.
    5. Deborah A. Cobb-Clark, 2008. "Leaving Home: What Economics Has to Say about the Living Arrangements of Young Australians," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 41(2), pages 160-176, June.
    6. Leslie Whittington & H. Elizabeth Peters, 1996. "Economic incentives for financial and residential independence," Demography, Springer;Population Association of America (PAA), vol. 33(1), pages 82-97, February.
    7. Pollak, Robert A, 1988. "Tied Transfers and Paternalistic Preferences," American Economic Review, American Economic Association, vol. 78(2), pages 240-244, May.
    8. Bruce A. Weinberg, 2001. "An Incentive Model of the Effect of Parental Income on Children," Journal of Political Economy, University of Chicago Press, vol. 109(2), pages 266-280, April.
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    Cited by:

    1. David C. Ribar, 2015. "Is Leaving Home a Hardship?," Southern Economic Journal, Southern Economic Association, vol. 81(3), pages 598-618, January.
    2. Nicolas Hérault & Guyonne Kalb, 2016. "Intergenerational correlation of labor market outcomes," Review of Economics of the Household, Springer, vol. 14(1), pages 231-249, March.
    3. Breunig, Robert & Hasan, Syed & Hunter, Boyd, 2017. "Financial Stress and Indigenous Australians," IZA Discussion Papers 11221, Institute for the Study of Labor (IZA).
    4. Prevoo, Tyas & ter Weel, Bas, 2014. "The Effect of Family Disruption on Children's Personality Development: Evidence from British Longitudinal Data," IZA Discussion Papers 8712, Institute for the Study of Labor (IZA).
    5. repec:spr:izalbr:v:6:y:2017:i:1:d:10.1186_s40172-017-0056-1 is not listed on IDEAS

    More about this item

    Keywords

    Youths; Financial stress; Family relationships; D13; J13;

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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