Abstract: The paper derives predictions about the impact of the price of housing young adults income and parental income on the probability that a young adult [in the United Kingdom] lives apart from his/her parents. It shows that the predicted effect of the price of housing is intimately related to the price elasticity of housing demand. It uses longitudinal data on a cohort of Britons born in 1958 (surveyed in the National Child Development Study) to estimate dynamic models of first departure from the parental home and particularly to estimate the impa...
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Topics: 
Demographic economics
Econometrics