Youth Vulnerability in Europe during the Great Recession
AbstractThe paper gives an update to earlier analysis considering youth poverty and transition to adulthood, which is timely given the economic crisis engulfing many countries in Europe. Whereas, the crisis is affecting young people in particular, there is also huge variation across Europe. We document the short-term consequences of the current recession on the transition to adulthood of young Europeans, focusing on two main cornerstones in the transition to adulthood: economic independence and residential autonomy. We show an almost universal increase in financial hardship experienced by young adults during the recession, which is starting to translate into higher rates of co-residence with parents, hence delaying the process of leaving home and gaining economic independence. The economic recession will have a huge impact on young people and their the transition to adulthood. Economic deprivation and uncertainty will most likely delay the key markers of transition to adulthood.
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Bibliographic InfoPaper provided by "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi in its series Working Papers with number 057.
Length: 22 pages
Date of creation: Mar 2013
Date of revision:
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