TY  - RPRT
        AU  - Angelini, Viola
AU  - Bertoni, Marco
AU  - Weber, Guglielmo
        TI  - The Long-Term Consequences of a Golden Nest
        PY  - 2020/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 13659
        UR  - https://www.iza.org/index.php/publications/dp13659
        AB  - 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.
        KW  - habit-forming preferences
KW  - socio-economic status
KW  - nest leaving
KW  - intergenerational mobility
KW  - SHARE
        ER  -