TY  - RPRT
        AU  - Patacchini, Eleonora
AU  - Arduini, Tiziano
        TI  - Residential Choices of Young Americans
        PY  - 2016/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10186
        UR  - https://www.iza.org/index.php/publications/dp10186
        AB  - Using detailed data on a cohort of young Americans who were in their late twenties and early thirties in 2008, we investigate the importance of forces different from economic incentives in nest-leaving decisions. We apply recent methods from social network econometrics to identify the importance of peers net of confounding factors. For the entire sample, our findings reveal no evidence of peer effects. Indicators of parenting and the social structure of families appear to be the major factors in the decisions to coreside with parents. However, for those who moved back home after a few years of living alone, we find strong peer effects. These findings are consistent with theories of social influences in peer groups in which peers play a critical role for individuals with time-inconsistent preferences.
        KW  - control function approach
KW  - spatial autoregressive model
KW  - endogenous network formation
KW  - social networks
KW  - living arrangements
KW  - Bayesian estimation
KW  - social multiplier
        ER  -