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作者

来源

HOUSING STUDIES,Vol.33,Issue2SI,P.224-246

语言

英文

关键字

Generational transfers; housing pathways; housing wealth; United Kingdom; coresidence; INTERGENERATIONAL TRANSMISSION; HOME-OWNERSHIP; SEQUENCE-ANALYSIS; ADULT CHILDREN; LIFE-CYCLE; WEALTH; CAREERS; EUROPE; POLICY; MARKET

作者单位

[Koppe, Stephan] Univ Coll Dublin, Sch Social Policy Social Work & Social Justice, Dublin, Ireland. Koppe, S (reprint author), Univ Coll Dublin, Sch Social Policy Social Work & Social Justice, Dublin, Ireland. E-Mail: stephan.koeppe@ucd.ie

摘要

The family home is often the single most valuable asset, when it is passed down generations. In recent years, this pathway towards homeownership has become more complex. Young people are increasingly depending on their parents, both financially (deposit) and in-kind (guarantor, living rent-free at parental home), to acquire their first home. This paper contributes to this debate by investigating the influence of bequests and in-kind generational transfers on housing wealth pathways. Based on the British Household Panel Study, this paper shows that receiving an inheritance seems less relevant than other socio-demographic control variables. Still life-time renters are significantly missing out on inheritances. However, young people who are living with their parents are benefiting from this in-kind support in the long term and are able to purchase their first home earlier than independent mortgagers who are saving up for a deposit while renting. These results are discussed in the wider context of housing policy, welfare and generational support.