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Jinkook Lee, Wellbeing of the Elderly in East Asia

Sheldon H. Danziger photo

The Price of Independence: The Economics of Early Adulthood

Publication Abstract
The Price of Independence: The Economics of Early Adulthood cover image

Danziger, Sheldon H., and Cecilia Elena Rouse. 2007. The Price of Independence: The Economics of Early Adulthood. New York: Russell Sage Foundation.

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.

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