This paper studies how young adults make relocation decisions to take advantage of time transfers from parents as a form of insurance against adverse economic conditions. It first documents the fact that adult children who received negative income shocks during the Great Recession were more...

The U.S. occupational composition is being shaped by changing output, production technology, and by social processes. Using micro panel data we compare the occupations of men and women age 30-55 as of 2013 to those reported to have been held by their parents when the now adult children were...