Prices, parents, and young people's household formation

Article Abstract:

A theoretical model of living arrangement decisions is used to analyze the decision of young people to live apart from their parents. The model serves as the blueprint of econometric analyses of leaving the parental home and eventually returning to it. The analyses also estimate the influence of the regional housing market and the characteristics of young people and their parents on the departure and return processes. This investigation employed data from the British Household Panel Study for 1991 to 1995. Findings revealed that tighter housing markets discourage home leaving and motivate returns to the parental home. Moreover, unemployed youth tend to leave the home to find a job and live alone or with friends or others. However, long-term unemployment encourages return to the parental home. Lastly, the incomes of both young people and their parents have an impact on decision to leave and return.

Housing, Young adults, Parent and child, Parent-child relations, Households, Living alone

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A modeling of megalopolis formation: the maturing of city systems

Article Abstract:

Separate but closely located metropolitan areas are being linked with one another to be metamorphosed into a megalopolis. This megalopolis is made up of great core cities that are connected by an industrial belt or a continuum of cities, where economic transactions are distributed over an interval on the location space. Based on the model of city formation formulated by Fujita and Mori, a study was conducted to determine how these megalopolises are formed. Findings showed that decreases in transport costs subsequently result in the distribution of industrial activities in a spatial economy with increasing returns, facilitating the creation of a megalopolis. Realistically, the agricultural area in this model may better be supplanted by the residential area of workers commuting to the city.

Models, City planning, Urban planning, Metropolitan areas

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Spillover effects of public capital formation: evidence from the Spanish regions

Article Abstract:

The existence of regional effects of public capital in Spain is investigated. The findings indicate that the aggregate effects of public capital cannot be captured in their entirety by the direct effects for each region from public capital installed in the region itself.

Spain, Analysis, Economic aspects, Economic conditions, Public investments

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