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

Rebekka Christopoulou and Maria Pantalidou ()
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Maria Pantalidou: Athens University of Economics and Business

Discussion Paper Series from Department of Economics, University of Macedonia

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.

Keywords: Living arrangements; parental coresidence; youth employment; great recession; Greece. (search for similar items in EconPapers)
JEL-codes: J12 J21 (search for similar items in EconPapers)
Date: 2017-10, Revised 2017-10
New Economics Papers: this item is included in nep-eur and nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: The parental home as labour market insurance for young Greeks during the crisis (2018)
Working Paper: The parental home as labour market insurance for young Greeks during the crisis (2018)
Working Paper: The parental home as labor market insurance for young Greeks during the crisis (2017)
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