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

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Do First Time House Buyers Receive Financial Transfers from Their Parents? / Kolodziejczyk, Christophe; Leth-Petersen, Søren.

In: Scandinavian Journal of Economics, Vol. 115, No. 4, 2013, p. 1020-1045.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Kolodziejczyk, C & Leth-Petersen, S 2013, 'Do First Time House Buyers Receive Financial Transfers from Their Parents?', Scandinavian Journal of Economics, vol. 115, no. 4, pp. 1020-1045. https://doi.org/10.1111/sjoe.12032

APA

Kolodziejczyk, C., & Leth-Petersen, S. (2013). Do First Time House Buyers Receive Financial Transfers from Their Parents? Scandinavian Journal of Economics, 115(4), 1020-1045. https://doi.org/10.1111/sjoe.12032

Vancouver

Kolodziejczyk C, Leth-Petersen S. Do First Time House Buyers Receive Financial Transfers from Their Parents? Scandinavian Journal of Economics. 2013;115(4):1020-1045. https://doi.org/10.1111/sjoe.12032

Author

Kolodziejczyk, Christophe ; Leth-Petersen, Søren. / Do First Time House Buyers Receive Financial Transfers from Their Parents?. In: Scandinavian Journal of Economics. 2013 ; Vol. 115, No. 4. pp. 1020-1045.

Bibtex

@article{452d6257c04e4e25a30045cb5fd500e6,
title = "Do First Time House Buyers Receive Financial Transfers from Their Parents?",
abstract = "Using Danish longitudinal data with information about wealth for a sample of first-time house buyers 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. First, we document that child and parent financial resources are correlated. Then, we introduce conditioning variables and exploit the panel aspect of the data to also condition on fixed unobserved factors, which arguably govern preferences and/or productivity. We find no evidence of direct financial transfers.",
keywords = "Faculty of Social Sciences, Empirical analysis, house purchase, intergenerational transfers",
author = "Christophe Kolodziejczyk and S{\o}ren Leth-Petersen",
note = "JEL Classification: D91;E21;R29",
year = "2013",
doi = "10.1111/sjoe.12032",
language = "English",
volume = "115",
pages = "1020--1045",
journal = "Scandinavian Journal of Economics",
issn = "0347-0520",
publisher = "Wiley-Blackwell",
number = "4",

}

RIS

TY - JOUR

T1 - Do First Time House Buyers Receive Financial Transfers from Their Parents?

AU - Kolodziejczyk, Christophe

AU - Leth-Petersen, Søren

N1 - JEL Classification: D91;E21;R29

PY - 2013

Y1 - 2013

N2 - Using Danish longitudinal data with information about wealth for a sample of first-time house buyers 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. First, we document that child and parent financial resources are correlated. Then, we introduce conditioning variables and exploit the panel aspect of the data to also condition on fixed unobserved factors, which arguably govern preferences and/or productivity. We find no evidence of direct financial transfers.

AB - Using Danish longitudinal data with information about wealth for a sample of first-time house buyers 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. First, we document that child and parent financial resources are correlated. Then, we introduce conditioning variables and exploit the panel aspect of the data to also condition on fixed unobserved factors, which arguably govern preferences and/or productivity. We find no evidence of direct financial transfers.

KW - Faculty of Social Sciences

KW - Empirical analysis

KW - house purchase

KW - intergenerational transfers

U2 - 10.1111/sjoe.12032

DO - 10.1111/sjoe.12032

M3 - Journal article

VL - 115

SP - 1020

EP - 1045

JO - Scandinavian Journal of Economics

JF - Scandinavian Journal of Economics

SN - 0347-0520

IS - 4

ER -

ID: 98597104