Leaving Home: What Economics Has to Say about the Living Arrangements of Young Australians

Date

2008

Authors

Cobb-Clark, Deborah

Journal Title

Journal ISSN

Volume Title

Publisher

Blackwell Publishing Ltd

Abstract

Like their counterparts elsewhere, more young Australians than ever are delaying the move to establish residential independence from their parents. This paper reviews the developing economics literature surrounding young people's decisions to continue living in their parents' homes in order to begin to assess the causes and consequences of this decision. In particular, co-residence with parents appears to be an important form of intergenerational support for young adults. It is important to understand the extent to which young people rely on this form of support as they complete their education, enter the labour market and establish themselves as independent adults. Specific attention is paid to the ways in which Australian income support, education and housing policies may influence these patterns.

Description

Keywords

Keywords: development economics; education; household income; housing policy; living standard; parental care; socioeconomic conditions; young population; Australasia; Australia

Citation

Source

The Australian Economic Review

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1111/j.1467-8462.2008.00488.x

Restricted until

2037-12-31