Financial Stress, Family Conflict, and Youths' Successful Transition to Adult Roles

42 Pages Posted: 15 Dec 2009

See all articles by Deborah A. Cobb-Clark

Deborah A. Cobb-Clark

School of Economics, University of Sydney; IZA Institute of Labor Economics

David Ribar

George Washington University - Department of Economics; IZA Institute of Labor Economics

Abstract

We analyze the effect of mothers' and youths' reports of family financial stress and conflict on youths' transitions into adult roles. We find that mothersメ reports of financial stresses and borrowing constraints are associated with earlier transitions to inactivity and public assistance, while youth reports of financial stresses are associated with earlier nest-leaving. Youths reporting conflict with parents leave school and move out earlier than their peers, while conflict between parents is associated with youth making later transitions. Overall, financial stress and conflict have independent effects on youths' transitions and youths' perspectives have different consequences to those of their mothers.

Keywords: youths, financial stress, family conflict

JEL Classification: D13, J13

Suggested Citation

Cobb-Clark, Deborah A. and Ribar, David C., Financial Stress, Family Conflict, and Youths' Successful Transition to Adult Roles. IZA Discussion Paper No. 4618. Available at SSRN: https://ssrn.com/abstract=1522686

Deborah A. Cobb-Clark (Contact Author)

School of Economics, University of Sydney ( email )

606 Social Sciences Bldg. (A02)
The University of Sydney
Sydney, NSW 2006
Australia
61435061387 (Phone)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

David C. Ribar

George Washington University - Department of Economics ( email )

Monroe Hall, Suite 340
2115 G Street, NW
Washington, DC 20052 20052
United States
202-994-7608 (Phone)
202-994-6147 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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