The Impact of Employment on Parental Coresidence

Gary V. Engelhardt, Michael D. Eriksen, Nadia Greenhalgh-Stanley

Research output: Contribution to journalArticle

2 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)1055-1088
Number of pages34
JournalReal Estate Economics
Volume47
Issue number4
DOIs
StatePublished - Dec 1 2019

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics

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