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The Impact of Employment on Parental Coresidence

Author

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  • Gary V. Engelhardt
  • Michael D. Eriksen
  • Nadia Greenhalgh‐Stanley

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.

Suggested Citation

  • Gary V. Engelhardt & Michael D. Eriksen & Nadia Greenhalgh‐Stanley, 2019. "The Impact of Employment on Parental Coresidence," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 47(4), pages 1055-1088, December.
    • Handle: RePEc:bla:reesec:v:47:y:2019:i:4:p:1055-1088
    DOI: 10.1111/1540-6229.12152
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    Cited by:

    1. Posada, Héctor M. & García-Suaza, Andres, 2022. "Transit infrastructure and informal housing: Assessing an expansion of Medellín's Metrocable system," Transport Policy, Elsevier, vol. 128(C), pages 209-228.
    2. Christopoulou, Rebekka & Pantalidou, Maria, 2022. "The parental home as labor market insurance for young Greeks during the Great Recession," Journal of Demographic Economics, Cambridge University Press, vol. 88(3), pages 313-350, September.
    3. Ricks, Judith S., 2021. "Mortgage subsidies, homeownership, and marriage: Effects of the VA loan program," Regional Science and Urban Economics, Elsevier, vol. 87(C).
    4. Chan, Sewin & O'Regan, Katherine & You, Wei, 2021. "Migration choices of the boomerang generation: Does returning home dampen labor market adjustment?," Journal of Housing Economics, Elsevier, vol. 53(C).

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