Price of Independence, The: The Economics of Early Adulthood: The Economics of Early Adulthood



Price of Independence, The: The Economics of Early Adulthood: The Economics of Early Adulthood More And Young Men And Women Today Are Taking Longer And Having 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 TrendsObservers 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 Eighteen To Thirty Five 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 United States 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 And Once Lower Interest Rates And Tax Subsidies Are Taken Into Account And Ngina Chiteji Reveals That Average Student Loan Debt Is Only , Per Household The Trend Toward Starting Careers And Families Later Appears To Have To Do With Changing Social Norms, As Well As Policies That Have Broadened Access To Higher Education, Than With Changes In The EconomyFor 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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