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E

UR

A

MERICA

Slovenia (Aassve et al., 2013). The structure of the labor market,

welfare policy, and education system also contribute to variations

in youth living arrangements. In Northern and Western Europe,

alternative arrangements, such as leading independent households

at a young age, are possible because of employment opportunities,

scholarships, and social transfers. At the same time, with parental

support, young people in Southern and East Central Europe tend

to live at home until they marry or are employed full-time (Ayllón,

2015).

Multigenerational living arrangements are also prevalent in

East Asian countries, reflecting both Confucian cultural traditions

and limited social provisions. Older Taiwanese adults prefer

intergenerational coresidence. In 2013, more than 65% of

Taiwanese older adults voiced a preference to reside with both

their spouses and adult children (Ministry of Health and Welfare,

2014). In 2005, the proportion of 18- to 24-year-olds living with

their parents reached 90% in Taiwan, 84% in South Korea, and

63% in Japan (Tai, 2012). The percentage of adult children who

reported receiving financial support from parents increased from

9% to 16% between 2001 and 2006 (Lin, 2012). Family support

via finances and/or coresidence has been the main way for people

of all ages to meet their financial needs.

E. The Market and Welfare Regimes

Compared to prime-age individuals, young adults are more

likely to be unemployed or hold precarious jobs (Quintini, J. P.

Martin, & S. Martin, 2007). Looking OECD countries, in 2014,

the youth unemployment rate ranged from 5% in South Korea to

58% in Greece. The highest unemployment levels were observed in

Southern European countries and post-socialist countries such as

Poland and the Slovak Republic (OECD, 2015).

Wide variations in youth unemployment and under-

employment are found across countries. Among the most