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作者

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

来源

REAL ESTATE ECONOMICS,Vol.47,Issue4,P.1055-1088

语言

英文

关键字

作者单位

Syracuse University Economics, 320F Lyman Hall, Aging Studies Institute Syracuse, New York, United States, 1324;Assistant Professor of Finance, Rawls College of Business, Texas Tech University, Lubbock, TX, 79409;Kent State University, Economics Department 466 College of Business, Kent, Ohio, United States, 44242

摘要

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.