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Moving Back Home: Insurance against Labor Market Risk

Author(s): Kaplan, Greg

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dc.contributor.authorKaplan, Greg-
dc.date.accessioned2019-07-11T19:20:41Z-
dc.date.available2019-07-11T19:20:41Z-
dc.date.issued2012-06-01en_US
dc.identifier.citationKaplan, G. (2012). Moving Back Home: Insurance against Labor Market Risk. Journal of Political Economy, 120 (3), 446 - 512. doi:10.1086/666588en_US
dc.identifier.issn0022-3808-
dc.identifier.urihttp://arks.princeton.edu/ark:/88435/pr1zd9n-
dc.description.abstractThis paper demonstrates that the option to move in and out of the parental home is a valuable insurance channel against labor market risk, which facilitates the pursuit of jobs with the potential for high earnings growth. Using monthly panel data, I document an empirical relationship among coresidence, individual labor market events, and subsequent earnings growth. I estimate the parameters of a dynamic game between youths and parents to show that the option to live at home can account for features of aggregate data for low-skilled young workers: small consumption responses to shocks, high labor elasticities, and low savings rates. © 2012 by The University of Chicago.en_US
dc.format.extent446 - 512en_US
dc.language.isoenen_US
dc.relation.ispartofJournal of Political Economyen_US
dc.rightsFinal published version. Article is made available in OAR by the publisher's permission or policy.en_US
dc.titleMoving Back Home: Insurance against Labor Market Risken_US
dc.typeJournal Articleen_US
dc.identifier.doidoi:10.1086/666588-
pu.type.symplectichttp://www.symplectic.co.uk/publications/atom-terms/1.0/journal-articleen_US

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