| 来源类型 | Discussion paper
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| 规范类型 | 论文
|
| 来源ID | DP5102
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| DP5102 The Savings Behaviour of Temporary and Permanent Migrants in Germany |
| Thomas Bauer; Mathias Sinning
|
| 发表日期 | 2005-06-23
|
| 出版年 | 2005
|
| 语种 | 英语
|
| 摘要 | More than 80% of Italian men aged 18-30 live with their parents. We argue that one contributing factor to this remarkably high rate of cohabitation is parents? tastes for co-residence. In order to investigate the role of parental preferences, we estimate the effect of exogenous changes in parental income on rates of cohabitation in Italy using SHIW micro-data from 1989 to 2000. The key econometric issue is the potential endogeneity of parental income. In order to identify a source of exogenous variation in parental income, we use changes in fathers? retirement age induced by the 1992 reform of the Italian Social Security system as an instrumental variable for parental income. By raising retirement age, this reform forced some fathers to remain in the labour market longer than they would have otherwise, therefore raising their disposable income. We use a two-sample instrumental variable (TSIV) strategy. Our TSIV estimates indicate that a rise in parents? income significantly raises the children?s propensity to live at home: a 10% increase in annual parental income results in approximately a 10% rise in the proportion of boys living with their parents. Although we cannot definitely rule out alternative interpretations, these results are consistent with our hypothesis that cohabitation is a normal good for Italian parents. |
| 主题 | Labour Economics
|
| 关键词 | Family structure
Living arrangements
Two-sample iv
|
| URL | https://cepr.org/publications/dp5102
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533993
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推荐引用方式
GB/T 7714 |
Thomas Bauer,Mathias Sinning. DP5102 The Savings Behaviour of Temporary and Permanent Migrants in Germany. 2005.
|
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