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Who saved Greek youth? Parental support to young adults during the great recession

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  • Christopoulou, Rebekka
  • Pantalidou, Maria

Abstract

We use data from the Greek Labour Force Survey to calculate, by region and year, the share of youths who coreside with their parents as a proxy of mutual dependence between parents and adult children, and the share of youths who coreside with their parents and also receive cash transfers as a proxy of one-way dependence of youths on parents. Using panel data analysis, we examine the correlation of each variable with the youth unemployment rate. We find that familial interdependence was strong before the crisis and intensified further during the crisis while at the same time it was transformed from two- to one-directional. Parents stepped in to shelter unemployed and vulnerable youths, mostly young men, and did so by providing housing rather than cash.

Suggested Citation

  • Christopoulou, Rebekka & Pantalidou, Maria, 2018. "Who saved Greek youth? Parental support to young adults during the great recession," LSE Research Online Documents on Economics 91954, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:91954
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    Cited by:

    1. Monastiriotis, Vassilis & Martelli, Angelo, 2021. "Crisis, adjustment and resilience in the Greek labor market: an unemployment decomposition approach," LSE Research Online Documents on Economics 107048, London School of Economics and Political Science, LSE Library.
    2. Vassilis Monastiriotis & Angelo Martelli, 2021. "Crisis, Adjustment and Resilience in the Greek Labor Market: An Unemployment Decomposition Approach," International Regional Science Review, , vol. 44(1), pages 85-112, January.
    3. Laliotis, Ioannis, 2019. "Did the economic adjustment programmes deliver wage flexibility in Greece?," LSE Research Online Documents on Economics 102653, London School of Economics and Political Science, LSE Library.
    4. Monastiriotis, Vassilis & Martelli, Angelo, 2021. "Crisis, adjustment and resilience in the Greek labor market: an unemployment decomposition approach," LSE Research Online Documents on Economics 115066, London School of Economics and Political Science, LSE Library.

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