Parental wealth and resource transfers : How they matter in France for home ownership and living standards
AbstractThe role played by parental wealth in facilitating the life chances and living standards of offspring is a topic of growing interest in stratification research. The addition of household wealth to the parental resource portfolio opens new issues with respect to mechanisms in the transmission of advantage across generations, since wealth transfers can take place at different points along the life course, in varying amounts, and for different purposes. This paper examines the impact of parental wealth and transfers of wealth on several aspects of the homeownership decision--the timing of the purchase, the cost of the home, and the downpayment proportion, as well as living standards subsequent to the purchase. We utilize a unique data set from France which contains information on parental wealth and wealth transfers from both sets of parents of a couple, as well as details on the timing of transfers in relation to a home purchase. The results make clear the complex pathways by which parental wealth influences the tenancy arrangements and living standards of offspring.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by HAL in its series Working Papers with number hal-00678988.
Date of creation: 14 Mar 2012
Date of revision:
Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00678988
Contact details of provider:
Web page: http://hal.archives-ouvertes.fr/
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-28 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gourieroux Christian & Monfort Alain & Renault E & Trognon A, 1985.
CEPREMAP Working Papers (Couverture Orange)
- Lindh, Thomas & Ohlsson, Henry, 1998. "Self-Employment and Wealth Inequality," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 44(1), pages 25-42, March.
- Gary V. Engelhardt & Christopher J. Mayer, 1995.
"Intergenerational transfers, borrowing constraints, and saving behavior: evidence from the housing market,"
Working Papers, Federal Reserve Bank of Boston
95-11, Federal Reserve Bank of Boston.
- Engelhardt, Gary V. & Mayer, Christopher J., 1998. "Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing Market," Journal of Urban Economics, Elsevier, vol. 44(1), pages 135-157, July.
- Pietro Catte & Nathalie Girouard & Robert W.R. Price & Christophe André, 2004. "Housing Markets, Wealth and the Business Cycle," OECD Economics Department Working Papers 394, OECD Publishing.
- Chiuri, Maria Concetta & Jappelli, Tullio, 2001.
"Financial Market Imperfections and Home Ownership: A Comparative Study,"
CEPR Discussion Papers
2717, C.E.P.R. Discussion Papers.
- Chiuri, Maria Concetta & Jappelli, Tullio, 2003. "Financial market imperfections and home ownership: A comparative study," European Economic Review, Elsevier, vol. 47(5), pages 857-875, October.
- Maria Concetta Chiuri & Tullio Jappelli, 2000. "Financial Market Imperfections and Home Ownership: A Comparative Study," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy 44, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Dec 2000.
- Arrondel, Luc & Lefebvre, Bruno, 2001.
"Consumption and Investment Motives in Housing Wealth Accumulation: A French Study,"
Journal of Urban Economics,
Elsevier, vol. 50(1), pages 112-137, July.
- Arrondel, L. & Lefebvre, B., 2000. "Consumption and Investment Motives in Housing Wealth Accumulation : a French Study," DELTA Working Papers 2000-14, DELTA (Ecole normale supérieure).
- Barrett Lee & R. Oropesa & James Kanan, 1994. "Neighborhood Context and Residential Mobility," Demography, Springer, vol. 31(2), pages 249-270, May.
- Florencia Torche & Seymour Spilerman, 2005. "Parental Wealth Effects on Living Standards and Asset Holdings: Results from Chile," Labor and Demography, EconWPA 0501005, EconWPA, revised 17 Jan 2005.
- Fabian T. Pfeffer & Martin Hällsten, 2012. "Mobility Regimes and Parental Wealth: The United States, Germany, and Sweden in Comparison," SOEPpapers on Multidisciplinary Panel Data Research 500, DIW Berlin, The German Socio-Economic Panel (SOEP).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD).
If references are entirely missing, you can add them using this form.