Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/wiley/do-first-time-house-buyers-receive-financial-transfers-from-their-FVLjODpWt8
References (35)
-
Joseph Altonji, F. Hayashi, L. Kotlikoff (1989)
Is the Extended Family Altruistically Linked? Direct Tests Using Micro DataMacroeconomics eJournal
-
J. Laitner (1993)
Intergenerational and interhousehold economic linksHandbook of Population and Family Economics
-
Gary Engelhardt (1996)
Consumption, Down Payments, and Liquidity ConstraintsJournal of Money, Credit and Banking, 28
-
J. Ejarque, Søren Leth-Petersen (2008)
Consumption and Savings of First Time House Owners: How Do They Deal with Adverse Income Shocks? -
T. Jappelli, M. Pagano (1994)
Saving, Growth, and Liquidity ConstraintsQuarterly Journal of Economics, 109
-
A. Deaton (1997)
Saving and Growth -
M. Rosenzweig, O. Stark (1997)
Handbook of population and family economics, 1
-
Joseph Altonji, F. Hayashi, L. Kotlikoff (1992)
Is the Extended Family Altruistically Linked -
L. Guiso, T. Jappelli (2002)
Private Transfers, Borrowing Constraints, and Timing of HomeownershipJournal of Money, Credit, and Banking, 34
-
Anders Björklund, L. Lindahl, Matthew Lindquist (2010)
What More Than Parental Income, Education and Occupation? An Exploration of What Swedish Siblings Get from Their ParentsThe B.E. Journal of Economic Analysis & Policy, 10
-
K. Schmidt-Hebbel, Luis Servén (2006)
The Economics of Saving and Growth -
Browning (2013)
Housing Wealth and Consumption: A Micro Panel StudyEconomic Journal, 123
-
(2006)
Household Expenditure and the Income Tax Rebates -
J. Laitner (1997)
Chapter 5 Intergenerational and interhousehold economic linksHandbook of Population and Family Economics, 1
-
(2001)
Household Expenditure and the Income Tax Rebates of -
D. Cesarini, Christopher Dawes, M. Johannesson, P. Lichtenstein, B. Wallace (2009)
Genetic Variation in Preferences for Giving and Risk Taking -
Gary Solon (1999)
Intergenerational Mobility in the Labor MarketHandbook of Labor Economics, 3
-
Raj Chetty, Adam Szeidl (2006)
Consumption Commitments and Risk PreferencesNBER Working Paper Series
-
Chetty (2007)
Consumption Commitments and Risk PreferencesQuarterly Journal of Economics, 122
-
Carroll (1997)
Buffer-Stock Saving and the Life Cycle/Permanent Income HypothesisQuarterly Journal of Economics, 112
-
Donald Cox (1990)
Intergenerational Transfers and Liquidity ConstraintsQuarterly Journal of Economics, 105
-
De Nardi De Nardi (2004)
Wealth Inequality and Intergenerational LinksReview of Economic Studies, 71
-
(2006)
Household Expenditure and the Income Tax Rebates of 2001 -
M. Nardi (2004)
Wealth inequality and intergenerational linksStaff Report
-
First version submitted -
Gary Engelhardt, C. Mayer (1998)
Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing MarketJournal of Urban Economics, 44
-
K. Charles, Erik Hurst (2002)
The Transition to Home Ownership and the Black-White Wealth GapReview of Economics and Statistics, 84
-
(2003)
The Correlation of Wealth across Generations -
M. Chiuri, T. Jappelli (2001)
Financial Market Imperfections and Home Ownership: A Comparative StudyCEPR Discussion Paper Series
-
S. Bentolila, A. Ichino (2008)
Unemployment and consumption near and far away from the MediterraneanJournal of Population Economics, 21
-
Chiuri (2003)
Financial Market Imperfections and Homeownership: A Comparative StudyEuropean Economic Review, 47
-
Mette Gørtz, Søren Leth�?Petersen, M. Browning (2013)
Housing Wealth and Consumption: A Micro Panel StudyWiley-Blackwell: Economic Journal
-
C. Carroll (1996)
Buffer-Stock Saving and the Life Cycle/Permanent Income HypothesisNBER Working Paper Series
-
Sule Alan, Bo Honoré, Luojia Hu, Søren Leth-Petersen (2011)
Estimation of Panel Data Regression Models with Two-Sided Censoring or TruncationJournal of Econometric Methods, 3
-
Altonji (1992)
Is the Extended Family Altruistically Linked? Direct Tests Using Micro DataAmerican Economic Review, 82
- Publisher
- Wiley
- Copyright
- © 2013 the editors of The Scandinavian Journal of Economics .
- ISSN
- 0347-0520
- eISSN
- 1467-9442
- DOI
- 10.1111/sjoe.12032
- Publisher site
- See Article on Publisher Site
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.
Journal
The Scandinavian Journal of Economics – Wiley
Published: Oct 1, 2013