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Title: Youth Living Arrangements, Economic Independence, and the Role of Labor Market Changes: A Cohort Analysis from the Early 1970s to the Late 1980s
Resulting in 1 citation.
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Haveman, Robert H. Knight, Brian |
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Youth Living Arrangements, Economic Independence, and the Role of Labor Market Changes: A Cohort Analysis from the Early 1970s to the Late 1980s Discussion Paper No. 1201-99, Institute for Research on Poverty, University of Wisconsin - Madison, 1999. Also: http://www.irp.wisc.edu/publications/dps/pdfs/dp120199.pdf Cohort(s): NLSY79, Young Men, Young Women Publisher: Institute for Research on Poverty (IRP), University of Wisconsin - Madison Keyword(s): Economic Changes/Recession; Economic Independence; Educational Attainment; Household Composition; Skilled Workers; Wages, Youth Permission to reprint the abstract has not been received from the publisher. Between the late 1960s and early 1990s, young workers experienced declining average real wages and increasing labor market inequality. High-skilled youths--those with a college degree--fare better in this new economy relative to youths with few skills and little formal education. This paper studies two separate, but related, indirect effects of this labor market deterioration: changes in living arrangements and changes in economic independence, the ability to financially support oneself and dependents. We find that over this period, youths tended to shift away from living arrangements with significant financial responsibility, such as living with a spouse and children, and toward arrangements with less responsibility, such as remaining at home with one's parents or living alone. This shift is especially pronounced for low-skilled youths, those most adversely affected by the labor market deterioration. These changes in living arrangements tended to increase the economic independence of youths relative to their loss in economic independence were they unable to alter these living arrangements. |
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Bibliography Citation
Haveman, Robert H. and Brian Knight. "Youth Living Arrangements, Economic Independence, and the Role of Labor Market Changes: A Cohort Analysis from the Early 1970s to the Late 1980s." Discussion Paper No. 1201-99, Institute for Research on Poverty, University of Wisconsin - Madison, 1999. |