Are the Millennials Getting Less Married?

Authors

  • Khalid Khan School of Finance, Qilu University of Technology, Jinan, Shandong, China. https://orcid.org/0000-0002-2574-9232
  • Seema Zubair Department of Statistics, Carleton University, Ottawa, Ontario, Canada. https://orcid.org/0000-0002-6942-9038
  • Sinem Derindere Koseoglu PhD, Department of Business Administration, Istanbul University, Turkey.

DOI:

https://doi.org/10.47264/idea.lassij/4.1.8

Keywords:

Marriage, Millennials, Bootstrap Causality Test, Divorce Rate, Financial Crises, Cohabitation

Abstract

The study investigates the causal link between the Millennials (ML) Population (18-37 year age) and the Marriage Rate (MR) (married population/total population) for the countries of France, Germany, Italy, Netherlands, Spain, and the United Kingdom (UK) by using the bootstrap causality test. The findings suggest that ML population has a significant negative impact on MR in Italy and the Netherlands, while MR has a significant negative impact on ML population in Spain. Besides, the System Generalized Method of Moment Regression (SGMM) is conducted to release the effects of the Divorce Rate (DR), Education Attainment (EA), Globalization (GB), Social Protection (SP), Secularization (SEC), House Prices (HP), Financial Crisis (FC), and Working Population of women (WP) variables on MR and ML population. Likewise, the outcomes display that these are the leading factors of explaining ML population. Our results support the two-period model of Peters (1986), which states that MR is the combination of the economic, social, and religious elements and has important policy implications.

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Published

2020-10-03

How to Cite

Khan, K., Zubair, S., & Koseoglu, S. D. (2020). Are the Millennials Getting Less Married?. Liberal Arts and Social Sciences International Journal (LASSIJ), 4(1), 76–90. https://doi.org/10.47264/idea.lassij/4.1.8

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Section

Research Articles | Original Articles | Original Research

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