TY - JOUR
T1 - The Impact of Employment on Parental Coresidence
AU - Engelhardt, Gary V.
AU - Eriksen, Michael D.
AU - Greenhalgh-Stanley, Nadia
N1 - Publisher Copyright:
© 2016 American Real Estate and Urban Economics Association
PY - 2019/12/1
Y1 - 2019/12/1
N2 - 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.
AB - 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.
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U2 - 10.1111/1540-6229.12152
DO - 10.1111/1540-6229.12152
M3 - Article
AN - SCOPUS:84959451675
SN - 1080-8620
VL - 47
SP - 1055
EP - 1088
JO - Real Estate Economics
JF - Real Estate Economics
IS - 4
ER -