A nest or a golden cage? Family co-residence and human capital investment decisions of young adults

Citation
Gc. Giannelli et C. Monfardini, A nest or a golden cage? Family co-residence and human capital investment decisions of young adults, INT J MANP, 21(3-4), 2000, pp. 227-245
Citations number
13
Categorie Soggetti
Management
Journal title
INTERNATIONAL JOURNAL OF MANPOWER
ISSN journal
01437720 → ACNP
Volume
21
Issue
3-4
Year of publication
2000
Pages
227 - 245
Database
ISI
SICI code
0143-7720(2000)21:3-4<227:ANOAGC>2.0.ZU;2-O
Abstract
Household arrangements and human capital investment decisions of young Ital ians with a high school diploma are analysed A model of the choices of resi ding with parents or forming a new family, jointly with those of investing in either work experience, or further education, or stopping investment is estimated The results show that family background has a major impact on the decision to study, housing costs induce co-residence, and unemployment inc reases the probability of studying. Education policies subsidising universi ty studies on a merit ground would thus reduce income inequality housing al lowances would favour marriage, and labour policies would have the side-eff ect of decreasing university dropouts.