The Impact of Employment on Parental Coresidence

TitleThe Impact of Employment on Parental Coresidence
Publication TypeJournal Article
Year of PublicationForthcoming
AuthorsEngelhardt, GV, Eriksen, MD, Greenhalgh-Stanley, N
JournalReal Estate Economics
KeywordsAdult 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.

URLhttp://dx.doi.org/10.1111/1540-6229.12152
DOI10.1111/1540-6229.12152
Endnote Keywords

adult children/co-residence/co-residence/employment

Endnote ID

999999

Citation Key6520