I study the consequences for labor market outcomes and sick leave of having an elderly parent in need of care. Using … a health shock. I find that employment and income of adult children are slightly reduced in the years leading up to the …

decisions. We investigate empirically and theoretically the life-cycle patterns of homeownership, housing and nonhousing assets … in retirement. Using an estimated structural model of saving and housing decisions, we find, first, that homeowners … 1996-2006 housing boom significantly increased homeowners' assets. These channels are quantitatively significant; without …