Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20281
Authors: 
Becker, Sascha O.
Bentolila, Samuel
Fernandes, Ana
Ichino, Andrea
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 1046
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.
Subjects: 
emancipation
job security
option value
JEL: 
J2
J1
Document Type: 
Working Paper

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