The Price of Independence: The Economics of Early Adulthood, edited by Sheldon Danziger and Cecilia Elena Rouse
More and more young men and women today are taking longer and having more difficulty making a successful transition to adulthood. They are staying in school longer, having a harder time finding steady employment at jobs that provide health insurance, and are not marrying and having children until much later in life than their parents did. In The Price of Independence, a roster of distinguished experts diagnose the extent and causes of these trends.
Observers of social trends have speculated on the economic changes that may be delaying the transition to adulthood—from worsening job opportunities to mounting student debt and higher housing costs—but few have offered empirical evidence to back up their claims. The Price of Independence represents the first significant analysis of these economic explanations, charting the evolving life circumstances of 18-35 year olds over the last few decades. Lisa Bell, Gary Burtless, Janet Gornick, and Timothy M. Smeeding show that the earnings of young workers in the U.S. and a number of industrialized countries have declined relative to the cost of supporting a family, which may explain their protracted dependence. In addition, Henry Farber finds that job stability for young male workers has dropped over the last generation. But while economic factors have some influence on young people’s transitions to adulthood, The Price of Independence shows that changes in the economic climate can not account for the magnitude of the societal shift in the timing of independent living, marriage, and childbearing. Aaron Yelowitz debunks the myth that steep housing prices are forcing the young to live at home—housing costs actually fell between 1980 and 2000 once lower interest rates and tax subsidies are taken into account. And Ngina Chiteji reveals that average student loan debt is only $3,500 per household. The trend toward starting careers and families later appears to have more to do with changing social norms, as well as policies that have broadened access to higher education, than with changes in the economy.
For better or worse, the current generation is redefining the nature and boundaries of what it means to be a young adult. The Price of Independence documents just how dramatically the modern lifecycle has changed and offers evidence as an antidote to much of the conventional wisdom about these social changes.
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Has the HIV epidemic peaked?
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Sexual behavior and STI/HIV status among adolescents in rural Malawi: An evaluation of the effect of interview mode on reporting
Barbara S. Mensch, Paul C. Hewett, Richard Gregory, and Stephane Helleringer
Fertility transitions in developing countries: Progress or stagnation?
The role of schools in promoting sexual and reproductive health among adolescents in developing countries
Cynthia B. Lloyd
Premarital sex and schooling transitions in four sub-Saharan African countries
Ann Biddlecom, Richard Gregory, Cynthia B. Lloyd, and Barbara S. Mensch
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Ethnic differentials in parental health seeking for childhood illness in Vietnam
Bussarawan Teerawichitchainan and James F. Phillips
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Support by migrants to their elderly parents in rural Cambodia and Thailand: A comparative study
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Teacher absence as a factor in gender inequalities in access to primary schooling in rural Pakistan
Sharon Ghuman and Cynthia B. Lloyd
Is the GED an Effective Route to Postsecondary Education for School Dropouts?
John H. Tyler and Magnus Lofstrom
Income Maximization and the Selection and Sorting of International Migrants
Jeffrey Grogger and Gordon H. Hanson
The Higher Educational Transformation of China and Its Global Implications
Yao Li, John Whalley, Shunming Zhang, and Xiliang Zhao
Changes in the Characteristics of American Youth: Implications for Adult Outcomes
Joseph G. Altonji, Prashant Bharadwaj, and Fabian Lange
Do Markets Respond to Quality Information? The Case of Fertility Clinics
M. Kate Bundorf, Natalie Chun, Gopi Shah Goda, and Daniel P. Kessler
How Costly is Diversity? Affirmative Action in Light of Gender Differences in Competitiveness
Muriel Niederle, Carmit Segal, and Lise Vesterlund
Is Marriage Always Good for Children? Evidence from Families Affected by Incarceration
Keith Finlay and David Neumark
James J. Heckman
Effect of Employer Access to Criminal History Data on the Labor Market Outcomes of Ex-Offenders and Non-Offenders
Too Young to Leave the Nest: The Effects of School Starting Age
Sandra E. Black, Paul J. Devereux, and Kjell G. Salvanes
The Effect of Intragroup Communication on Preference Shifts in Groups
Michael P. Brady, Steven Y. Wu
The Impact of College Graduation on Geographic Mobility: Identifying Education Using Multiple Components of Vietnam Draft Risk
Ofer Malamud, Abigail Wozniak
Minimum Wages and Welfare in a Hotelling Duopsony
Leo Kaas, Paul Madden
From Illegal to Legal: Estimating Previous Illegal Experience among New Legal Immigrants to the United States
(forthcoming in: International Migration Review
Guillermina Jasso, Douglas S. Massey, Mark R. Rosenzweig, James P. Smith
Life Satisfaction in Urban China: Components and Determinants
Lina Song, Simon Appleton
Interethnic Marriage: A Choice between Ethnic and Educational Similarities
Delia Furtado, Nikolaos Theodoropoulos
International Migration, Ethnicity and Economic Inequality
(substantially revised version forthcoming in: Oxford Handbook on Economic Inequality, 2009)
Martin Kahanec, Klaus F. Zimmermann
Too Young to Leave the Nest? The Effects of School Starting Age
Sandra E. Black, Paul Devereux, Kjell G. Salvanes
This article reveals how the cost of family health insurance nationwide is increasing dramatically for employees without anywhere near an equivalent increase in family income. If this trend continues, more workers are likely to become uninsured because of the expense.
Continue reading ‘“Squeezed: How Costs for Insuring Families are Outpacing Income A State-By-State Analysis’
Report of study projecting dependent elder population up to 2030, distinguishing among family situations.
Congressional Budget Office brief looks at widening gap in life expectancy by SES and implications for Social Security and Medicare.
Access to raw data files, necessary instructions, file structures, code reference tables, etc.