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IZA Discussion Paper No. 13659
September 2020
The Long-Term Consequences of a Golden Nest

published in: Demography, 2022, 59 (3), 857-875

We study the role played by the standard of living during childhood on nest leaving. Using data from SHARE, we show empirically that individuals who grew up in a golden nest leave the parental home later and that education only partially mediates this effect. This relationship holds across different cultures, for both males and females, urban and rural residents. We then use a 3-period lifecycle model to show that this behaviour is consistent with standard assumptions on preferences and resources if earnings increase with age, and that habit-forming preferences reinforce the delaying effect of a golden nest on nest leaving.

Kommunikation
Mark Fallak
mark.fallak@liser.lu
+352 585-855-526
World of Labour
Olga Nottmeyer
olga.nottmeyer@liser.lu
+352 585-855-501
Netzwerkkoordination
Christina Gathmann
christina.gathmann@liser.lu

Das IZA@LISER-Netzwerk ist eine weltweite Gemeinschaft für exzellente Forschung in der Arbeitsmarktökonomie und angrenzenden Fachgebieten. Nach dem Wechsel von Bonn wird das Netzwerk nun am Luxembourg Institute of Socio-Economic Research (LISER) koordiniert.

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