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Boomerang Bias: Examining The Effect Of Parental Coresidence On Millennial Financial Behavior
|dc.description.abstract||: Millennials, or those born between 1980 and 1998, face unique financial situations relative to the general population. With increasing levels of educational loans and debt, many choose live with their parents as a means of financial support, thus resulting in differing financial behaviors when compared to Millennials who live independently. This paper analyzes the effect of which parental coresidence has on debt and asset ownership likelihoods and valuations, and in general finds strong evidence linking parental coresidence with decreases in magnitude and likelihood of having debt, along with significant differences in "risky" and "safer" asset ownerships and valuations. Moreover, I find that parental coresidence is used as a mechanism to decrease general debt, rather than being used as a vehicle to accumulate assets. iii|
|dc.title||Boomerang Bias: Examining The Effect Of Parental Coresidence On Millennial Financial Behavior|
|dc.type||dissertation or thesis|
|thesis.degree.level||Master of Science|
|thesis.degree.name||M.S., Agricultural Economics|