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The Boomerang College Kids: Coresidence and Job Mismatch

Author

Listed:
  • Stefania Albanesi

    (University of Pittsburgh)

  • Ning Zhang

    (University of Pittsburgh)

  • Rania Gihleb

    (University of Pittsburgh)

Abstract

This paper demonstrates that living together with parents can work as an insurance against labor market friction for college graduates. Cores- idence with parents alleviates the student debt burden and job searching pressure during economic downturns and facilitates the the pursuit of jobs with better match and higher earnings. Using SIPP data, we estimate the parameters of a dynamic life-cycle model to show that: (1) job types, earn- ings, asset and preference jointly aect the dynamics of coresidence; (2) coresidence can work as an insurance for college graduates in labor mar- ket to nd a better matched job; (3) coresidence has long-term impact on youth earnings through job search.

Suggested Citation

  • Stefania Albanesi & Ning Zhang & Rania Gihleb, 2019. "The Boomerang College Kids: Coresidence and Job Mismatch," 2019 Meeting Papers 1565, Society for Economic Dynamics.
    • Handle: RePEc:red:sed019:1565
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