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Youth Emancipation and Perceived Job Insecurity of Parents and Children

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  • Becker, Sascha O.
  • Bentolila, Samuel
  • Fernandes, Ana
  • Ichino, Andrea

Abstract

The age at which children leave the parental home differs considerably across countries. In this paper we argue that lower job insecurity of parents and higher job insecurity of children delay emancipation. We provide aggregate evidence which supports this hypothesis for 12 European countries and which helps account for the increase in coresidence in the 1990s. We also give microeconometric evidence for Italy, a country for which we have access to household-specific information on job security of fathers and coresidence. In the late 1990s, approximately 75% of young Italians aged 18 to 35 were living at home and they had only a 4% probability of emancipation in the 3 subsequent years. We show that this probability would have increased by 4 to 10 percentage points if their fathers had gone from perceiving to have a fully secure job to expecting to be unemployed for sure.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 5338.

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Date of creation: Nov 2005
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Handle: RePEc:cpr:ceprdp:5338

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Keywords: emancipation; job security; option value;

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References

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. La emancipación con recortes rápidos y reformas a medio gas
    by Florentino Felgueroso in Nada Es Gratis on 2012-07-26 23:56:04
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Emma Tominey, 2010. "The Timing of Parental Income and Child Outcomes: The Role of Permanent and Transitory Shocks," CEE Discussion Papers 0120, Centre for the Economics of Education, LSE.
  2. Chiuri, Maria Concetta & Del Boca, Daniela, 2008. "Household Membership Decisions of Adult Children," IZA Discussion Papers 3546, Institute for the Study of Labor (IZA).
  3. Chiuri, Maria Concetta & Del Boca, Daniela, 2010. "Home-Leaving Decisions of Daughters and Sons," IZA Discussion Papers 4867, Institute for the Study of Labor (IZA).
  4. Tealdi, Cristina, 2011. "Typical and atypical employment contracts: the case of Italy," MPRA Paper 39456, University Library of Munich, Germany.
  5. Decreuse, Bruno & van Ypersele, Tanguy, 2010. "Housing market regulation and the social demand for job protection," CEPR Discussion Papers 7845, C.E.P.R. Discussion Papers.
  6. Piero Cipollone & Alfonso Rosolia, 2007. "Social Interactions in High School: Lessons from an Earthquake," American Economic Review, American Economic Association, vol. 97(3), pages 948-965, June.
  7. Christin Schröder, 2008. "Economic insecurity and cohabitation strategies in Italy," MPIDR Working Papers WP-2008-004, Max Planck Institute for Demographic Research, Rostock, Germany.
  8. Aparicio Fenoll, Ainhoa & Oppedisano, Veruska, 2012. "Fostering the Emancipation of Young People: Evidence from a Spanish Rental Subsidy," IZA Discussion Papers 6651, Institute for the Study of Labor (IZA).
  9. Becker, Sascha O. & Bentolila, Samuel & Fernandes, Ana & Ichino, Andrea, 2005. "Job Insecurity and Youth Emancipation: A Theoretical Approach," CEPR Discussion Papers 5339, C.E.P.R. Discussion Papers.
  10. Francisco Azpitarte, 2010. "Measuring poverty using both income and wealth: A cross-country comparison between the U.S. and Spain," Working Papers 153, ECINEQ, Society for the Study of Economic Inequality.
  11. Samuel Bentolila & Pierre Cahuc & Juan J. Dolado & Thomas Le Barbanchon, 2010. "Two-Tier Labor Markets In The Great Recession: France Vs. Spain," Working Papers wp2010_1009, CEMFI.
  12. Mendez, Ildefonso, 2008. "The Role of Partnership Status and Expectations on the Emancipation Behaviour of Spanish Graduates," MPRA Paper 8655, University Library of Munich, Germany.
  13. Maria Concetta Chiuri & Daniela Del Boca, 2008. "Household Membership Decisions of Adult Children: Does Gender and Institutions Matter?," Carlo Alberto Notebooks 75, Collegio Carlo Alberto.
  14. Samuel Bentolila & Juan Jose Dolado & Juan F. Jimeno, 2008. "Two-tier Employment Protection Reforms: The Spanish Experience," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 6(4), pages 49-56, December.
  15. Ildefonso Méndez & Francisco Maeso, 2008. "The Role Of Partnership Status And Expectations On The Emancipation Behaviour Of Spanish Graduates," Working Papers wp2008_0812, CEMFI.

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