Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148467
Authors: 
Dettling, Lisa
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2016 [Issue:] 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.
Subjects: 
young adults
net worth
home ownership
unemployment
income
parental co-residence
Great Recession
JEL: 
D14
E24
J13
Persistent Identifier of the first edition: 
Document Type: 
Article

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