PSC trainee Zabek and former PSC post-docs Coate and Krolikowski find earnings recovery after job loss faster for young adults living near their parents
"Living Near Your Parents Could Help Limit the Long-Term Damage of a Layoff" - Wall Street Journal. 2/14/2017.
Job loss can have long-term effects on future earnings. But living close by parents may mitigate this impact for young adults. Analyzing PSID data, researchers Patrick Coate, Pawel Krolikowski, and Mike Zabek found that adults ages 25-35 who had a job loss and lived near their parents earned about the same as a control group who did not suffer job loss after 5 years. But their counterparts living further from their parents had large earnings declines persisting for 10 years.
Additional Media Coverage:
"Parental Proximity and the Earnings Consequences of Job Loss" - Cleveland Fed. 2/9/2017.
"Staying close to home could be the smartest financial decision millennials make" - Business Insider. 2/13/2017.
"Living Near Your Parents Can Help You Get Ahead In Your Career, Study Suggests" - Forbes. 2/17/2017.
"The Surprising Reason You Should Live Near Your Parents" - Time. 2/23/2017.