Videnskabelig artikel 16. SEP 2013

Do First-Time House Buyers Receive Financial Transfers from Their Parents?

Udgivelsens forfattere:

  • Børn, unge og familie
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Using Danish longitudinal data with information about wealth for a sample of first-time homeowners and their parents, we test whether there are direct financial transfers from parents to children in connection with the house purchase or in connection with unemployment spells occurring just after the purchase when children typically hold few liquid assets. 

We first document that child and parent financial resources are correlated. We then introduce conditioning variables and exploit the panel aspect of the data to also condition on fixed unobserved factors that arguably govern preferences and/or productivity. We find no evidence of direct financial transfers.

Udgivelsens forfattere

Om denne udgivelse

  • Publiceret i

    The Scandinavian Journal of Economics