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

  • Mendez, Ildefonso

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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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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  1. Luigi Guiso & Tullio Jappelli, 1999. "Private Transfers, Borrowing Constraints and the Timing of Homeownership," CSEF Working Papers 17, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
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  3. Giuliano, Paola, 2006. "Living Arrangements in Western Europe: Does Cultural Origin Matter?," IZA Discussion Papers 2042, Institute for the Study of Labor (IZA).
  4. repec:att:wimass:9614 is not listed on IDEAS
  5. 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.
  6. 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).
  7. Jeff Dominitz & Charles F. Manski, 1996. "Perceptions of Economic Insecurity: Evidence from the Survey of Economic Expectations," NBER Working Papers 5690, National Bureau of Economic Research, Inc.
  8. 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.
  9. Becker, Sascha O. & Bentolila, Samuel & Fernandes, Ana & Ichino, Andrea, 2005. "Youth Emancipation and Perceived Job Insecurity of Parents and Children," CEPR Discussion Papers 5338, C.E.P.R. Discussion Papers.
  10. 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.
  11. Maite Martínez & J. Ruiz Castillo, . "The decisions of Spanish youth: A cross-section study," Studies on the Spanish Economy 14, FEDEA.
  12. Marco Manacorda & Enrico Moretti, 2006. "Why do Most Italian Youths Live with Their Parents? Intergenerational Transfers and Household Structure," Journal of the European Economic Association, MIT Press, vol. 4(4), pages 800-829, 06.
  13. Charles F. Manski, 2004. "Measuring Expectations," Econometrica, Econometric Society, vol. 72(5), pages 1329-1376, 09.
  14. 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.
  15. 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.
  16. 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.
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