Job Insecurity and Children’s Emancipation

Sascha Becker, Samuel Bentolila, Ana Fernandes and Andrea Ichino

No 1046, IZA Discussion Papers from Institute of Labor Economics (IZA)

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% of young Italians aged 18 to 35 were living at home and they had only a 4% 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: option value; job security; emancipation (search for similar items in EconPapers)
JEL-codes: J1 J2 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2004-03
New Economics Papers: this item is included in nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Published - published in: Journal of Population Economics, 2010, 23 (3), 1047-1071

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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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