Family ties: occupational responses to cope with a household income shock

Massimo Baldini, Costanza Torricelli and Maria Cesira Urzì Brancati

No 141, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: We use household panel data to explore the link between transitions of a household member (not only the wife) into the workforce and negative income shocks (unemployment and/or income support) suffered by another household member. We take the case of Italy where family ties other than spousal ones are particularly strong, and we also consider the role of household illiquidity due to housing. After accounting for standard socio-economic controls, results show significant reactions to income shocks, especially during the Great Recession. Moreover, at high levels of portfolio illiquidity, transitions are significantly more likely for households hit by a shock.

Pages: 36 pages
Date: 2014-10
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Citations: View citations in EconPapers (20)

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Related works:
Working Paper: Family ties: occupational responses to cope with a household income shock (2014)
Working Paper: Family ties: occupational responses to cope with a household income shock (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:crp:wpaper:141

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