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Author: Choi, Seungbee
Resulting in 3 citations.
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Choi, Seungbee |
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After Moving Back to the Nest: The Heterogeneous Effect of Returning to Parental Home on the Employment Outcomes by Income Group Cities 133 (February 2023): 104114. Also: https://www.sciencedirect.com/science/article/pii/S0264275122005534 Cohort(s): NLSY97 Publisher: Elsevier Keyword(s): Employment; Income Level; Regions; Residence, Return to Parental Home/Delayed Homeleaving Young adults who achieved independent living often go back to their parental homes because they cannot afford to maintain financial independence. While much attention has been paid to identifying factors contributing to giving up independent living, the lives of young people after returning to parental homes have yet to be understood. This study examines the employment outcomes of young people who have returned to their parents' homes, using data from 2003 to 2011 waves of the National Longitudinal Survey of Youth 1997 Cohort (NLSY 97). The results of the analysis show the heterogeneous effect of the boomerang move. Boomerang movers in the lowest income groups have improved employment outcomes, but not the other groups. However, the employment outcomes of boomerang movers are still lower than those of young people who remain independent across all income groups. Changes in residential location affect income, and the impact varies by income group. A residential shift away from the central city reduces the income of the middle income group. While region change is positively related to income for the lowest income group, it negatively affects the other groups. Findings from the study suggest several policy implications. |
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Bibliography Citation
Choi, Seungbee. "After Moving Back to the Nest: The Heterogeneous Effect of Returning to Parental Home on the Employment Outcomes by Income Group." Cities 133 (February 2023): 104114.
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Choi, Seungbee |
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Is Back to the Nest a Good Decision? The Effect of Returning to Parental Home on the Individual Economic Outcomes Among Young Adults in the US Working Paper, Social Science Research Network, January 2022. Also: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4004701 Cohort(s): NLSY97 Publisher: Social Science Electronic Publishing, Inc. Keyword(s): Income; Residence, Return to Parental Home/Delayed Homeleaving; Savings Permission to reprint the abstract has not been received from the publisher. Young adults who achieved independent living often go back to their parental homes because they cannot afford to maintain financial independence. While much attention has been paid to the factors related to giving up independent living, the lives of young people after returning to parental homes are not well known. This study examines the economic outcomes of young people who have returned to their parents' home, using data from National Longitudinal Survey of Youth 1997 Cohort (NLSY 97). The economic outcomes of boomerang movers did not improve compared to the period of independent living, and the income gap with young people who remained independent widened. However, it's not a bad choice in the short term if the living expenses that boomerang movers save by staying at their parents' homes exceed the income gap. The residential movement of young people who make boomerang moves has an impact on their income, but this effect is short-lived. Going back to a parental house changes the region and urban form significantly, and movement of urban form from the central city to the suburban and from the suburban to out of the MSA has a negative impact on income. Findings from the study suggest implications. |
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Bibliography Citation
Choi, Seungbee. "Is Back to the Nest a Good Decision? The Effect of Returning to Parental Home on the Individual Economic Outcomes Among Young Adults in the US." Working Paper, Social Science Research Network, January 2022. |
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Choi, Seungbee |
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Trajectories of Individual Behavior in the US Housing Market Ph.D. Dissertation, Virginia Tech, 2022 Cohort(s): NLSY97 Publisher: Department of Economics, Virginia Polytechnic Institute and State University Keyword(s): Income; Residence, Return to Parental Home/Delayed Homeleaving Permission to reprint the abstract has not been received from the publisher. Three essays in this dissertation explore the behavior of individuals in response to the housing crisis and its consequences, and the impact of the pandemic on the short-term rental markets. The first essay examines the economic outcomes of young people who have returned to their parents' home, using data from 2003-2017 waves of the National Longitudinal Survey of Youth 1997 Cohort (NLSY 97). The economic outcomes of boomerang movers did not improve compared to the period of independent living, and the income gap with young people who remained independent widened. The residential movement of young people who make boomerang moves has an impact on their income, but this effect is short-lived. Going back to a parental house changes the region and urban form significantly, and movement of urban form from the central city to the suburban and from the suburban to out of the MSA has a negative impact on income. Findings from the study suggest implications. First, more affordable housing should be provided to reduce boomerang moves. Second, ways to increase job opportunities should be explored to reduce the short-term negative impact of boomerang move. Finally, education and vocational training opportunities must be increased to close the income gap among young people. |
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Bibliography Citation
Choi, Seungbee. Trajectories of Individual Behavior in the US Housing Market. Ph.D. Dissertation, Virginia Tech, 2022. |