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The parental home as labor market insurance for young Greeks during the crisis

Author

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  • Rebekka Christopoulou

    (Department of Economics, University of Macedonia)

  • Maria Pantalidou

    (Athens University of Economics and Business)

Abstract

Labor market conditions in Greece have severely deteriorated during the crisis, af- fecting youths the most. Using the Greek crisis as a case-study, this paper examines the role of the family as a social safety net for its young members. Specically, we test the relationship between youth labor outcomes and parental co-residence, whether this rela- tionship has become stronger during the crisis, and the degree to which the relationship is causal. Our results conrm that the parental home is a refuge both for jobless youth and for those in poorly paid, insecure jobs, and this role has intensied during the crisis. We nd no reverse causality between co-residence and employment status for young men, and signicant reverse causality for women. This nding implies that all youths live in the parental home when they are in need themselves, but it is young women not men who live with parents when parents are in need or for cultural reasons.

Suggested Citation

  • Rebekka Christopoulou & Maria Pantalidou, 2017. "The parental home as labor market insurance for young Greeks during the crisis," Discussion Paper Series 2017_10, Department of Economics, University of Macedonia, revised Oct 2017.
    • Handle: RePEc:mcd:mcddps:2017_10
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    Cited by:

    1. Christopoulou, Rebekka & Pantalidou, Maria, 2018. "Who saved Greek youth? Parental support to young adults during the great recession," LSE Research Online Documents on Economics 91954, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    Living arrangements; parental coresidence; youth employment; great recession; Greece.;
    All these keywords.

    JEL classification:

    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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