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Parental Proximity and Earnings After Job Displacements
Finance and Economics Discussion Series
The earnings of young adults who live in the same neighborhoods as their parents completely recover after a job displacement, unlike the earnings of young adults who live farther away, which permanently decline. Nearby workers appear to benefit from help with childcare since grandmothers are less likely to be employed after their child's job displacement and since the earnings benefits are concentrated among young adults who have children. The result also suggests that parental employmentdoi:10.17016/feds.2019.062 fatcat:v6dp62pbw5fizji2ktiyhvykru