Title | The Impact of Employment on Parental Coresidence |
Publication Type | Journal Article |
Year of Publication | 2019 |
Authors | Engelhardt, GV, Eriksen, MD, Greenhalgh-Stanley, N |
Journal | Real Estate Economics |
Volume | 47 |
Issue | 4 |
Pagination | 1055-1088 |
Type of Article | Journal |
Keywords | Adult children, Employment and Labor Force, Other |
Abstract | We examine the extent to which parents use housing and shared living arrangements as a form of risk-sharing for their adult children, using detailed data on children and parents in the Health and Retirement Study for 1998 2012. On average, a young man moving from full-time to nonemployment raises the likelihood of coresiding with a parent by 1.5 percentage points; moving from full-time employment to being part-time employed raises the likelihood of coresiding with a parent by 2 percentage points. The implied elasticity of parental coresidence with respect to the son's income is -1.1; for daughters, the elasticity is -0.5. |
URL | http://dx.doi.org/10.1111/1540-6229.12152 |
DOI | 10.1111/1540-6229.12152 |
Endnote Keywords | adult children/co-residence/co-residence/employment |
Endnote ID | 999999 |
Citation Key | 6520 |