Job Insecurity and Children's Emancipation

Sascha O. Becker (), Samuel Bentolila (), Ana Fernandes and Andrea Ichino

No CESifo Working Paper No. 1144, CESifo Working Paper Series from CESifo Group Munich

Abstract: 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.

Keywords: emancipation; job security; option value (search for similar items in EconPapers)
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Date: 2004
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Related works:
Working Paper: Job Insecurity and Children’s Emancipation (2004)
Working Paper: JOB INSECURITY AND CHILDREN'S EMANCIPATION (2004)
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