Returning to the Nest: Debt and Parental Co-Residence Among Young Adults

  title={Returning to the Nest: Debt and Parental Co-Residence Among Young Adults},
  author={Lisa J. Dettling and Joanne W. Hsu},
  journal={Household Finance eJournal},
  • Lisa J. Dettling, Joanne W. Hsu
  • Published 2014
  • Economics
  • Household Finance eJournal
  • This paper examines the relationship between a young adults' debt burden and the decision to co-reside with a parent. Using a quarterly panel of young adults' credit histories, and controlling for age, country, and quarter fixed effects, and local demographic characteristics, unemployment rates, and house prices, we estimate the relationship between current period debt and subsequent decisions to co-reside with a parent. Our results indicate that indebtedness -- increases flows into parental co… CONTINUE READING
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