caa a22 4500 477055079 CHVBK 20180405111345.0 cr unu---uuuuu 170330e19960201xx s 000 0 eng 10.2307/2061715 doi (NATIONALLICENCE)springer-10.2307/2061715 Economic incentives for financial and residential independence [Elektronische Daten] [Leslie Whittington, H. Elizabeth Peters] In this paper we examine the impact of the resources of children and of their parents on the children's transition to residential and financial independence. Previous studies of this transition focused primarily on the impact of family structure and parent-child relationships on the decision to leave home, but much less is known about the role of economic factors in the transition to independence. Using data from the Panel Study of Income Dynamics (PSID) for the period 1968-1988, we estimate discrete-hazard models of the probability of achieving residential and financial independence. We find that the child's wage opportunities and the parents' income are important determinants of establishing independence. The effect of parental income changes with the child's age. We also find some evidence that federal tax policy influences the decision to become independent, although the magnitude of this effect is quite small. Population Association of America, 1996 Whittington Leslie Department of Agricultural and Resource Economics, University of Maryland, 20742, College Park, MD aut Elizabeth Peters H. Department of Consumer Economics and Housing, Cornell University, USA aut Demography Springer-Verlag 33/1(1996-02-01), 82-97 0070-3370 33:1<82 1996 33 13524 https://doi.org/10.2307/2061715 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.2307/2061715 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Whittington Leslie Department of Agricultural and Resource Economics, University of Maryland, 20742, College Park, MD aut NATIONALLICENCE 700 1- Elizabeth Peters H. Department of Consumer Economics and Housing, Cornell University, USA aut NATIONALLICENCE 773 0- Demography Springer-Verlag 33/1(1996-02-01), 82-97 0070-3370 33:1<82 1996 33 13524 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer