What are the Role of Economic Factors in Determining Leaving and Returning to the Parental Home in Europe During the Crisis? Technical Details

Fernanda Mazzotta () and Lavinia Parisi ()

No 151, CELPE Discussion Papers from CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy

Abstract: This paper intends to provide supplementary material for correlated studies and to present an extended analysis of transition of young adults from their parents’ homes to other living arrangements for a period 2005-2012. It focuses on whether the economic crisis has affected the emancipation model i.e. the pattern of leaving and returning home. The sample is drawn from European Union Statistics on Income and Living Conditions (EU-SILC), using the longitudinal structure for the period 2005-2012 for 17 EU countries it has been shown results for both a static and dynamic analysis of living arrangement. Moreover the paper estimates a trivariate probit model to analyse the determinants of leaving (and returning) home considering simultaneously two of the key factors namely employment and partnership. Findings show that parental monetary resources play a crucial role in adulthood transitions. More than in previous recessions, the family plays a protective role allowing their adult children to stay longer at home, i.e. allowing young adults to overcome the economic difficulties faced during the Great Recession. This is true especially in those countries (i.e. Continental countries) where economic independence is highly valued (both by parents and children), and school-to-work transitions tend to be smoother.

Keywords: Employment; Partnership; Leaving home; Returning; Young adults; Independent living; Life courses; Global financial crisis; EU SILC (search for similar items in EconPapers)
JEL-codes: C33 J12 J13 R20 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2017-12-30
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