The Impact of Employment on Parental Coresidence

34 Pages Posted: 4 Jun 2020

See all articles by Gary V. Engelhardt

Gary V. Engelhardt

Syracuse University

Michael D. Eriksen

University of Cincinnati - Department of Finance - Real Estate

Nadia Greenhalgh-Stanley

Kent State University

Date Written: Winter 2019

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

Engelhardt, Gary V. and Eriksen, Michael D. and Greenhalgh-Stanley, Nadia, The Impact of Employment on Parental Coresidence (Winter 2019). Real Estate Economics, Vol. 47, Issue 4, pp. 1055-1088, 2019, Available at SSRN: https://ssrn.com/abstract=3617142 or http://dx.doi.org/10.1111/1540-6229.12152

Gary V. Engelhardt (Contact Author)

Syracuse University ( email )

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

Michael D. Eriksen

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

College of Business Administration
Cincinnati, OH 45221
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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