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Youth Vulnerability in Europe during the Great Recession

Author

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  • Arnstein Aassve
  • Elena Cottini
  • Agnese Vitali

Abstract

The paper gives an update to earlier analysis considering youth poverty and transition to adulthood, which is timely given the economic crisis engulfing many countries in Europe. Whereas, the crisis is affecting young people in particular, there is also huge variation across Europe. We document the short-term consequences of the current recession on the transition to adulthood of young Europeans, focusing on two main cornerstones in the transition to adulthood: economic independence and residential autonomy. We show an almost universal increase in financial hardship experienced by young adults during the recession, which is starting to translate into higher rates of co-residence with parents, hence delaying the process of leaving home and gaining economic independence. The economic recession will have a huge impact on young people and their the transition to adulthood. Economic deprivation and uncertainty will most likely delay the key markers of transition to adulthood.

Suggested Citation

  • Arnstein Aassve & Elena Cottini & Agnese Vitali, 2013. "Youth Vulnerability in Europe during the Great Recession," Working Papers 057, "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi.
    • Handle: RePEc:don:donwpa:057
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    References listed on IDEAS

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    2. Stefano Scarpetta & Anne Sonnet & Thomas Manfredi, 2010. "Rising Youth Unemployment During The Crisis: How to Prevent Negative Long-term Consequences on a Generation?," OECD Social, Employment and Migration Working Papers 106, OECD Publishing.
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    5. Francesco Billari, 2004. "Becoming an Adult in Europe: A Macro(/Micro)-Demographic Perspective," Demographic Research Special Collections, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 3(2), pages 15-44.
    6. David N. F. Bell & David G. Blanchflower, 2011. "Young people and the Great Recession," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 27(2), pages 241-267.
    7. Misbah Tanveer Choudhry & Enrico Marelli & Marcello Signorelli, 2012. "Youth unemployment rate and impact of financial crises," International Journal of Manpower, Emerald Group Publishing Limited, vol. 33(1), pages 76-95, March.
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    Cited by:

    1. MAZZOTTA, Fernanda & PARISI, Lavinia, 2017. "What are the Role of Economic Factors in Determining Leaving and Returning to the Parental Home in Europe During the Crisis? Technical Details," CELPE Discussion Papers 151, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    2. Marco Socci, 2014. "La nuova questione giovanile in Italia negli anni della crisi," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2014(2), pages 13-27.

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    Keywords

    transition to adulthood; poverty; deprivation; crisis;
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