Growing Parental Economic Power in Parent–Adult Child Households: Coresidence and Financial Dependency in the United States, 1960–2010
Research on coresidence between parents and their adult children in the United States has challenged the myth that elders are the primary beneficiaries, instead showing that intergenerationally extended households generally benefit the younger generation more than their parents. Nevertheless, the economic fortunes of those at the older and younger ends of the adult life course have shifted in the second half of the twentieth century, with increasing financial well-being among older adults and greater financial strain among younger adults. This article uses U.S. census and American Community Survey (ACS) data to examine the extent to which changes in generational financial well-being over the late twentieth and early twenty-first centuries have been reflected in the likelihood of coresidence and financial dependency in parent–adult child U.S. households between 1960 and 2010. We find that younger adults have become more financially dependent on their parents and that while older adults have become more financially independent of their adult children, they nevertheless coreside with their needy adult children. We also find that the effect of economic considerations in decisions about coresidence became increasingly salient for younger adults, but decreasingly so for older adults. Copyright Population Association of America 2013
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 50 (2013)
Issue (Month): 4 (August)
|Contact details of provider:|| Web page: http://www.springer.com/economics/journal/13524|
|Order Information:||Web: http://link.springer.de/orders.htm|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kathleen Mcgarry & Robert Schoeni, 2000. "Social security, economic growth, and the rise in elderly widows’ independence in the twentieth century," Demography, Springer, vol. 37(2), pages 221-236, May.
- Lawrence Santi, 1990. "Household Headship Among Unmarried Persons in the United States, 1970–1985," Demography, Springer, vol. 27(2), pages 219-232, May.
- Frances Kobrin, 1976. "The fall in household size and the rise of the primary individual in the United States," Demography, Springer, vol. 13(1), pages 127-138, February.
- Fred Pampel, 1983. "Changes in the propensity to live alone: Evidence from consecutive cross-sectional surveys, 1960–1976," Demography, Springer, vol. 20(4), pages 433-447, November.
- Samuel Preston, 1984. "Children and the elderly: Divergent paths for America’s dependents," Demography, Springer, vol. 21(4), pages 435-457, November.
- Alan L. Gustman & Thomas L. Steinmeier & Nahid Tabatabai, 2010.
"What the Stock Market Decline Means for the Financial Security and Retirement Choices of the Near-Retirement Population,"
Journal of Economic Perspectives,
American Economic Association, vol. 24(1), pages 161-82, Winter.
- Alan L. Gustman & Thomas L. Steinmeier & Nahid Tabatabai, 2009. "What the Stock Market Decline Means for the Financial Security and Retirement Choices of the Near-Retirement Population," NBER Working Papers 15435, National Bureau of Economic Research, Inc.
- Frances Goldscheider & Julie DaVanzo, 1989. "Pathways to Independent Living in Early Adulthood: Marriage, Semiautonomy, and Premarital Residential Independence," Demography, Springer, vol. 26(4), pages 597-614, November.
- Costa, Dora L., 1999.
"A house of her own: old age assistance and the living arrangements of older nonmarried women,"
Journal of Public Economics,
Elsevier, vol. 72(1), pages 39-59, April.
- Dora L. Costa, 1999. "A House of Her Own: Old Age Assistance and the Living Arrangements of Older Nonmarried Women," NBER Working Papers 6217, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:spr:demogr:v:50:y:2013:i:4:p:1449-1475. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.