Job Insecurity and Children's Emancipation
The age at which children leave the parental home differs considerably across countries. We present a theoretical model predicting that higher job security of parents and lower job security of children may delay emancipation. We then provide aggregate evidence which supports this hypothesis for 12 European countries. We also give microeconometric evidence for Italy, the single country for which we have access to household-specific information on job security and coresidence. It is a very interesting case to study since, in the late 1990s, approximately 75 per cent of young Italians aged 18 to 35 were living at home and they had only a 4 per cent probability of emancipation in the subsequent 3 years. We show that this probability would have increased by 4 to 10 percentage points if their fathers had gone from having a fully secure job to becoming unemployed for sure.
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- Ghidoni, Michele, 2002. "Determinants of young Europeans' decision to leave the parental household," Royal Economic Society Annual Conference 2002 85, Royal Economic Society.
- Green, Francis & Felstead, Alan & Burchell, Brendan, 2000. " Job Insecurity and the Difficulty of Regaining Employment: An Empirical Study of Unemployment Expectations," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(0), pages 855-83, Special I.
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- Marco Manacorda & Enrico Moretti, 2006. "Why do Most Italian Youths Live with Their Parents? Intergenerational Transfers and Household Structure," Journal of the European Economic Association, MIT Press, vol. 4(4), pages 800-829, 06.
- Petri Böckerman, 2004.
"Perception of Job Instability in Europe,"
Social Indicators Research,
Springer, vol. 67(3), pages 283-314, July.
- Maite Martínez-Granado & Javier Ruiz-Castillo, 2002. "The decisions of Spanish youth: A cross-section study," Journal of Population Economics, Springer, vol. 15(2), pages 305-330.
- Sascha O. Becker & Samuel Bentolila & Ana Fernandes & Andrea Ichino, 2004.
"Job Insecurity and Children's Emancipation,"
CESifo Working Paper Series
1144, CESifo Group Munich.
- Sascha O. Becker & Samuel Bentolila & Ana Fernandes & Andrea Ichino, 2004. "Job Insecurity And Children'S Emancipation," Working Papers wp2004_04, CEMFI.
- Becker, Sascha O. & Bentolila, Samuel & Fernandes, Ana & Ichino, Andrea, 2004. "Job Insecurity and Children’s Emancipation," IZA Discussion Papers 1046, Institute for the Study of Labor (IZA).
- Rosenzweig, Mark R & Wolpin, Kenneth I, 1993. "Intergenerational Support and the Life-Cycle Incomes of Young Men and Their Parents: Human Capital Investments, Coresidence, and Intergenerational Financial Transfers," Journal of Labor Economics, University of Chicago Press, vol. 11(1), pages 84-112, January.
- Guiso, Luigi & Jappelli, Tullio & Pistaferri, Luigi, 2002. "An Empirical Analysis of Earnings and Employment Risk," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(2), pages 241-53, April.
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