The Joint Determination of Household Membership and Market Work: The Case of Young Men

McElroy, Marjorie B.

doi:10.1086/298057

Cited by 116 publications

(87 citation statements)

References 8 publications

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“…At the aggregate level, Card and Lemieux (2000) find that in regions with stronger local demand conditions and higher wages, young men are more likely to emancipate. Results are more varied for the father's earnings: they are found to raise coresidence in Ermisch (1999) and McElroy (1985), whereas Rosenzweig and Wolpin (1993) estimate a significant, negative effect if parents are divorced. Housing prices are found to weakly deter emancipation in Ermisch (1999).…”

Section: Job Insecurity and Coresidencementioning

confidence: 89%

“…The economic analysis of moving-out decisions has been developed by McElroy (1985), Rosenzweig and Wolpin (1993), and Ermisch (1999), among others. Standard assumptions in this literature are: utility depends on consumption and housing, parents are altruistic but the child is selfish, individuals may exhibit a taste for privacy, and parents share income (consumption) and housing with the child when coresiding, and, if their income is high enough, they make transfers to the child when living apart.…”

Section: Job Insecurity and Coresidencementioning

confidence: 99%

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Youth emancipation and perceived job insecurity of parents and children

et al. 2008

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In this paper, we test whether lower job insecurity of parents and higher job insecurity of children delay youth emancipation. Macroeconomic estimates for 13 European countries spanning the period show that the coresidence rate increases by about 1.7 percentage points following a 10 percentage-point rise in the percentage of youths perceiving their job to be insecure and declines by about 1.1 points following the same increment in insecurity for workers aged 50-59. In the mid-1990s in Italy, 75% of youth aged 18-35 lived at home and had only a 4% probability of emancipation in the 3 subsequent years. Microeconometric evidence for this country shows that the probability of emancipation increases by about half a percentage point for a one-standard-deviation increase in paternal insecurity and by one-third of a percentage point for a one-standard-deviation decrease in children's insecurity.

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Section: Job Insecurity and Coresidencementioning

confidence: 89%

Section: Job Insecurity and Coresidencementioning

confidence: 99%

Youth emancipation and perceived job insecurity of parents and children

et al. 2008

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“…In particular, researchers often adopt a noncooperative game theoretic framework when modelling the interaction between parents and their adolescent children (e.g. McElroy, 1985;Weinberg, 2001;Kooreman, 2004;Hao et al, 2008;Lundberg et al, 2007).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…At the same time, co-residence may involve additional costs resulting from a lack of privacy and independence (e.g. McElroy, 1985;Ermisch and Di Salvo, 1997;Ermisch, 1999Ermisch, , 2003bLaferrère and Bessière, 2003;Le Blanc and Wolff, 2006;Laferrère, 2006).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

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Parents’ economic support of young-adult children: do socioeconomic circumstances matter?

Cobb‐Clark

Gørgens

2013

J Popul Econ

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. This paper assesses how the economic support provided by parents to young adults as they complete their education and enter the labor market is related to the family's socioeconomic circumstances. We address this issue using detailed survey data on intergenerational coresidence and financial transfers merged with nearly a decade of administrative data on the family's welfare receipt while the young person was growing up. We find that young people who experience socioeconomic disadvantage are more likely to be residentially and financially independent of their parents than are their peers growing up in more advantaged circumstances. This disparity is larger for financial transfers than for co-residence and increases as young people age. Moreover, there is a clear link between parental support and a young person's engagement in study and work which is generally stronger at age 20 than at age 18 and is often stronger for advantaged than for disadvantaged youths. We find no evidence, however, that a lack of parental support explains the socioeconomic gradient in either studying or employment.JEL Classification: J12, J13, J22, J24

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Boomerang bias: Examining the effect of parental coresidence on Millennial financial behavior

Bentley

Bogan

2019

Fin Plan Rev

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Millennials, or those born between 1980 and 1998, face unique financial situations relative to the general population. With increasing levels of educational loans and debt, many choose to live with their parents as a means of financial support, thus resulting in differing financial behaviors when compared to Millennials who live independently. This paper analyzes the effect of parental coresidence on debt, asset ownership, and asset values. We find evidence linking parental coresidence with decreases in magnitude and likelihood of having debt, along with significant differences in “risky” and “safe” asset ownership and valuations. Moreover, we find causal evidence that parental coresidence is used as a mechanism to decrease general debt.

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The Joint Determination of Household Membership and Market Work: The Case of Young Men

Cited by 116 publications

References 8 publications

Youth emancipation and perceived job insecurity of parents and children

Youth emancipation and perceived job insecurity of parents and children

Parents’ economic support of young-adult children: do socioeconomic circumstances matter?

Boomerang bias: Examining the effect of parental coresidence on Millennial financial behavior

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