Now here's an interesting question. Well according to a new study by a pair of under-40 Italians who teach economics — Marco Manacorda at London School of Economics and Enrico Moretti at the University of California, Berkeley — a large part of the blame lies with the parents. After a 1992 social security reform that raised the national retirement age to 64, parents continued to earn enough to keep their adult children at home longer. The researchers found that a 10% increase in parental income resulted in approximately a 10% rise in the proportion of children living with their parents.
The full paper is:
Why Do Most Italian Youths Live With Their Parents? Intergenerational Transfers and Household Structure , by Marco Manacorda and Enrico Moretti, Journal of the European Economic Association, forthcoming
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Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Italy related comment. He also maintains a collection of constantly updated Italy economy charts together with short text updates on a Storify dedicated page Italy - Lost in Stagnation?
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