Effects of entering adulthood during a recession

Lisa Dettling

IZA World of Labor, 2016, No 242, 242

Abstract: Current cohorts of young adults entered adulthood during an international labor and housing market crisis of a severity not experienced since the Great Depression. Concerns have arisen over the impacts on young adults’ employment, income, wealth, and living arrangements, and about whether these young adults constitute a “scarred generation” that will suffer permanent contractions in financial well-being. If true, knowing the mechanisms through which young adults’ finances have been affected has important implications for policy measures that could improve the financial well-being of today’s young adults in the present and future.

Keywords: young adults; net worth; home ownership; unemployment; income; parental co-residence; Great Recession (search for similar items in EconPapers)
JEL-codes: D14 E24 J13 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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