In this paper we examine the allocation of resources in the form of shared housing provided by parents to their young adult children in the context of a model in which there are multiple optimizing offspring. We set out a framework for estimation that considers the constraints of available data...

The recent literature exploiting natural events as "natural experiment" instruments is reviewed to assess to what extent it has advanced empirical knowledge. A weakness of the studies that adopt this approach is that the necessary set of behavioral, market, and technological assumptions made by...