Are the Millennials Getting Less Married?
Keywords:Marriage, Millennials, Bootstrap Causality Test, Divorce Rate, Financial Crises, Cohabitation
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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Copyright (c) 2020 Khalid Khan, Seema Zubair, Sinem Derindere Koseoglu
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