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Youth Vulnerability in Europe during the Great Recession

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Author Info

  • Arnstein Aassve
  • Elena Cottini
  • Agnese Vitali

Abstract

The 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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File URL: ftp://ftp.dondena.unibocconi.it/WorkingPapers/Dondena_WP057.pdf
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Bibliographic Info

Paper provided by "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi in its series Working Papers with number 057.

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Length: 22 pages
Date of creation: Mar 2013
Date of revision:
Handle: RePEc:don:donwpa:057

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Related research

Keywords: transition to adulthood; poverty; deprivation; crisis;

This paper has been announced in the following NEP Reports:

References

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  1. Arnstein Aassve & Maria Iacovou & Letizia Mencarini, 2006. "Youth poverty and transition to adulthood in Europe," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 15(2), pages 21-50, July.
  2. Cho, Yoon Y. & Newhouse, David, 2011. "How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries," IZA Discussion Papers 5681, Institute for the Study of Labor (IZA).
  3. Joshua R. Goldstein & Tomás Sobotka & Aiva Jasilioniene, 2009. "The End of "Lowest-Low" Fertility?," Population and Development Review, The Population Council, Inc., vol. 35(4), pages 663-699.
  4. Paola Giuliano & Antonio Spilimbergo, 2009. "Growing Up in a Recession: Beliefs and the Macroeconomy," NBER Working Papers 15321, National Bureau of Economic Research, Inc.
  5. Misbah Tanveer Choudhry & Enrico Marelli & Marcello Signorelli, 2012. "Youth unemployment rate and impact of financial crises," International Journal of Manpower, Emerald Group Publishing, vol. 33(1), pages 76-95, June.
  6. FFF1Francesco NNN1Billari, 2004. "Becoming an Adult in Europe: A Macro(/Micro)-Demographic Perspective," Demographic Research Special Collections, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 3(2), pages 15-44, April.
  7. Bell, David N.F. & Blanchflower, David G., 2011. "Young People and the Great Recession," IZA Discussion Papers 5674, Institute for the Study of Labor (IZA).
  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).
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