Household Formations

31 Pages Posted: 26 May 2004 Last revised: 21 Apr 2021

See all articles by Patric H. Hendershott

Patric H. Hendershott

University of Aberdeen - Centre for Property Research; National Bureau of Economic Research (NBER)

Marc Smith

Independent

Date Written: June 1984

Abstract

Between 1960 and 1980, the number of households in the U.S. increased by 50 percent and the proportion of the population that were household heads rose from 29.5 to 36.3. While some of this increase was due to the maturing of the"baby boom" population, over half was caused by rising age-specific headship rates. In contrast, between 1980 and 1983, headship rates fell sharply for the under 34 population. This paper explains household formations due to changes in headship rates in terms of changes in real income and the price of privacy.

Suggested Citation

Hendershott, Patric H. and Smith, Marc, Household Formations (June 1984). NBER Working Paper No. w1390, Available at SSRN: https://ssrn.com/abstract=324028

Patric H. Hendershott (Contact Author)

University of Aberdeen - Centre for Property Research ( email )

Aberdeen AB24 2UF
Scotland

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Marc Smith

Independent

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