Full Citation

Title: Household Formation and the Great Recession

Citation Type: Working Paper

Publication Year: 2012

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Abstract: During the Great Recession, the rate at which Americans formed households fell sharply. Though the rate has recently picked up, it isnt fast enough to make up for the shortfall in household formation that occurred over the last several years. An analysis of recent household formation patterns shows that the greatest shortfall occurred among young adults and that it is related to weak economic conditions. Housing choices have shifted as well, with a greater proportion of young households living in rental housing rather than owner-occupied homes.

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Authors: Dunne, Timothy

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Publication Number: 12

Institution: Federal Reserve Bank of Cleveland

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Publisher Location: Cleveland, Ohio

Data Collections: IPUMS CPS

Topics: Family and Marriage, Labor Force and Occupational Structure

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