Living arrangements in Europe: whether and why paternal retirement matters

Stella, Luca

doi:10.1007/s11150-016-9327-z

Cited by 7 publications

(3 citation statements)

References 44 publications

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“…For example, Di Stefano (2019) finds that poor labor market conditions and high housing costs drive the choice of youth Italians to remain with their parents. Using data from eleven European countries, Stella (2017) analyzes the relation between parental retirement and son's decision to leave the parental home. 2 As for fertility, rates have instead been decreasing.…”

Section: Introductionmentioning

confidence: 99%

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Employment protection legislation and household formation: evidence from Italy

2022

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While many studies have investigated the determinants of household formation and fertility in young adults, only a few have focused on the impact of employment protection legislation (EPL) on these outcomes. Moreover, to the best of our knowledge, no one has investigated how changes in EPL may alter the intentions of young individuals even before their realization. In this paper, we study the differential impact of the reduction in EPL associated with Italy’s 2015 Jobs Act on the household formation and fertility intentions of young Italians in various districts. We use data from a survey conducted on a sample of young people between the ages of 18-34 for the years 2012, 2015, 2016, and 2017. The identification strategy exploits local variation in the level of efficiency of the courts, measured in terms of the average duration of proceedings, to assess the existence of within-country and across-district heterogeneity in the reform’s impact. Indeed, firing costs used to be relatively greater in districts characterized by a longer duration of labor trials. The Jobs Act, by reducing firing costs and modifying the autonomy of judges, should have had a larger impact in districts with less efficient courts. According to our results, the reform seems to have indirectly leveled out the fertility and household formation intentions of young Italians living in districts with more and less efficient courts. Heterogeneities indicate that the results are mainly driven by older individuals and graduates who live in less disadvantaged areas.

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Section: Introductionmentioning

confidence: 99%

“…Dataset: Osservatorio Giovani (2012, 2015, 2016, 2017, Ipsos, Giuseppe Toniolo Institute of Higher Education. Sample: young adults at least 25 years of age…”

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confidence: 99%

Employment protection legislation and household formation: evidence from Italy

2022

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“…But the family of origin could influence the timing of home exit through other channels as well. For instance, Fogli (2004) finds that the family of origin may act as an insurance mechanism against unemployment or credit market imperfections, while Stella (2016) finds that the increase in childrens nest-leaving, observed around the time of paternal retirement, does not appear to be fully justified by changes in parental resources and suggests that channels involving the supply of informal child care provided by grandparents or the quality of the home should be explored. The role of the housing market is explored by Ermisch and Di Salvo (1997) who look at the impact of the price of housing on both the timing and destination of first departure.…”

Section: Introductionmentioning

confidence: 99%

Leaving your mamma: why so late in Italy?

Stefano

2017

Rev Econ Household

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In Italy, young adults tend to postpone their transition to adulthood and live with their parents until very late compared with other countries. A dynamic discrete choice model is proposed in which agents choose residential arrangements, together with labor supply and marital status, conditional on the economic and institutional framework and on other agents' choices. The model is structurally estimated with the Simulated Method of Moments for nonstudent high-school graduate males and then used to assess, through a variety of counterfactual experiments, the relative importance of factors that are claimed to influence the choice to leave home in the existing literature: labor market conditions, parental resources, housing market conditions and social interaction. Results suggest that Italians choose to remain with their parents due to a combination of poor labor market conditions and high housing costs. The relatively high income of parents could contribute to the patterns observed by acting as an insurance against unemployment. Finally, estimates indicate that individuals tend to conform to a social norm that is influenced by external conditions.

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Grandparental childcare, family allowances and retirement policies

Cipriani,

Fioroni

2024

Int Tax Public Finance

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The paper uses an OLG model to study the interaction between policies designed to ensure the sustainability of the pension system, i.e. child allowances and pensions policies, and grandparental childcare. We find that the rise in grandparenting negatively affects the elderly labour supply hampering the impact of pension policies designed to raise the retirement age and lengthen working lives. Then, we introduce child allowances and find that the impact of child allowances on the fertility rate is influenced by the efficiency of grandparenting in reducing child-rearing costs. Child benefits have a positive impact on fertility only if grandparenting is not very effective at reducing childcare costs. This suggests that the role of grandparents in various countries may partly explain the inconsistency in empirical evidence on the relationship between child benefits and fertility rates. The study also finds that child benefits have a positive impact on the elderly labour supply when grandparenting is efficient.

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Living arrangements in Europe: whether and why paternal retirement matters

Cited by 7 publications

References 44 publications

Employment protection legislation and household formation: evidence from Italy

Employment protection legislation and household formation: evidence from Italy

Leaving your mamma: why so late in Italy?

Grandparental childcare, family allowances and retirement policies

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