Living arrangements and labor market volatility of young workers
研究发现家庭规模呈逆周期变化，主要源于年轻人搬入或延迟离开父母家；与独居者相比，与父母同住的年轻人收入更低、工作时间波动更大。论文构建了一个理论模型，解释居住安排如何影响劳动力供给，并发现考虑居住安排后宏观弗里希弹性比微观弹性大70%。
Household size is countercyclical, mainly because of young people moving into or delaying departure from the parental home. Those living in older households earn less and have more volatile hours than their peers living alone. We pose a theory of household formation and labor choice over the business cycle. Young people decide where to live depending on their wage, taste for living within the old household, and implicit transfers received. Our theory accounts for the bulk of the contribution of the household's size volatility to the volatility of the aggregate hours. Including people with varying living arrangements yields an implied aggregate, or macro, Frisch elasticity around 70 percent larger than the assumed micro elasticity.