Youth Emancipation and the Labour Market in Spain

Authors

  • Alberto Montero Soler University of Málaga, Department of Public Finance, Economic Policy and Political Economy, Spain
  • Jonathan Torres University Pablo de Olavide, Spain
  • Iván Huascar Ayala García Rey Juan Carlos I University, Department of Business Economics, Applied Economics II and Fundamentals of Financial Analysis, Spain

DOI:

https://doi.org/10.2298/PAN191125016S

Keywords:

youth emancipation, VAR, Labour market, Economic crisis, Households

Abstract

This paper studies the effects of a negative economic shock on short- and long-term youth emancipation in Spain over the period 1995-2017. We use a vector autoregressive (VAR) model with different endogenous and exogenous variables which might have an impact on youth residential emancipation according to the academic literature. The results show how emancipation is impacted negatively by the shock after two quarters on average. Following this, the situation returns to its prior state at an accelerated rate. We also find that, in the short term, the unemployment rate has a greater influence than the temporary employment rate on youth emancipation. In the long term, this trend is reversed. To conclude, we find that emancipation processes do not depend as much on entry into the labour market as they do on the conditions to stay in it.

Keywords: Youth emancipation, Labour market, VAR, Economic crisis.

JEL: J13, J64, R21.

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Published

2023-05-27

How to Cite

Montero Soler, A., Torres, J., & Ayala García, I. H. (2023). Youth Emancipation and the Labour Market in Spain. Panoeconomicus, 70(3), 429–454. https://doi.org/10.2298/PAN191125016S

Issue

Vol. 70 No. 3 (2023)

Section

Original scientific paper