The Impact of Employment on Parental Co-Residence

Real Estate Economics, Forthcoming

Posted: 10 Nov 2017

See all articles by Michael D. Eriksen

Michael D. Eriksen

University of Cincinnati - Department of Finance - Real Estate

Gary V. Engelhardt

Syracuse University

Nadia Greenhalgh-Stanley

Kent State University

Date Written: March 2, 2016

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 co-residing with a parent by 1.5 percentage points; moving from full-time employment to being part-time employed raises the likelihood of co-residing with a parent by 2 percentage points. The implied elasticity of parental co-residence with respect to the son's income is -1.1; for daughters, the elasticity is -0.5.

Suggested Citation

Eriksen, Michael D. and Engelhardt, Gary V. and Greenhalgh-Stanley, Nadia, The Impact of Employment on Parental Co-Residence (March 2, 2016). Real Estate Economics, Forthcoming . Available at SSRN: https://ssrn.com/abstract=3067649

Michael D. Eriksen (Contact Author)

University of Cincinnati - Department of Finance - Real Estate ( email )

College of Business Administration
Cincinnati, OH 45221
United States

Gary V. Engelhardt

Syracuse University ( email )

900 S. Crouse Avenue
Syracuse, NY 13244-2130
United States

Nadia Greenhalgh-Stanley

Kent State University ( email )

466 College of Business
Kent State University
Kent, OH 44242
United States
(330)672-1087 (Phone)

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