TY - JOUR
T1 - The Impact of Employment on Parental Coresidence
AU - Engelhardt, Gary V.
AU - Eriksen, Michael D.
AU - Greenhalgh-Stanley, Nadia
N1 - Funding Information:
The research reported herein was supported by a grant from the MacArthur Foundation program on How Housing Matters. The opinions and conclusions are solely those of the authors and should not be construed as representing the opinions or policy of the MacArthur Foundation, Syracuse University, Kent State University or University of Cincinnati. All errors are our own.
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 -