The paper deals with the effects of cohabitation of grown children with their parents on household saving, using data from Italy and the Netherlands. It presents a twoperiod game-theoretical model where the child has to decide whether to move out of the parental home. This decision is affected...

In spite of ongoing dramatic changes in labor market structure, we present statistical evidence that transitional economies display rather low worker flows across sectors and occupations. Such low mobility can be explained by low returns to job changes as well as by market segmentation in the...