Returning to the nest: Debt and parental co-residence among young adults
In standard life-cycle models, borrowing enables young adults to smooth consumption, but for those who are indebted and face high borrowing costs, parental co-residence could serve as an alternative smoothing mechanism. Using panel data derived from credit reports, we begin by documenting an associa...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier B.V.
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |