Intergenerational financial transfers and indirect reciprocity: determinants of the reproduction of homeownership in the post-socialist Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68378025%3A_____%2F21%3A00547161" target="_blank" >RIV/68378025:_____/21:00547161 - isvavai.cz</a>

Výsledek na webu

<a href="http://hdl.handle.net/11104/0323484" target="_blank" >http://hdl.handle.net/11104/0323484</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/02673037.2018.1541441" target="_blank" >10.1080/02673037.2018.1541441</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Intergenerational financial transfers and indirect reciprocity: determinants of the reproduction of homeownership in the post-socialist Czech Republic

Popis výsledku v původním jazyce

Using a representative survey of the Czech population, we demonstrate that intergenerational within-family financial (wealth) transfers represent the main mechanism in the reproduction of homeownership in Czech post-socialist society. The provision of a transfer or the lack of one largely determines the housing tenure of Czech young adults. Without transfers, the children of homeowners are significantly less likely to also become homeowners. We also show that the probability of an adult child receiving a transfer and the size of the transfer are closely linked (a) to the adult child’s within-family socialisation and (b) to the fact of whether the parents had also received a transfer from their parents in the past and how large that transfer was. These findings have important implications for how housing markets operate and for social inequalities. For example, if an established history of within-family transfers is a predictor of homeownership in future cohorts, this may mean that an important part of society will be systemically and predictably excluded from access to homeownership and a fixed axis of reproduced housing wealth inequality may form

Název v anglickém jazyce

Intergenerational financial transfers and indirect reciprocity: determinants of the reproduction of homeownership in the post-socialist Czech Republic

Popis výsledku anglicky

Using a representative survey of the Czech population, we demonstrate that intergenerational within-family financial (wealth) transfers represent the main mechanism in the reproduction of homeownership in Czech post-socialist society. The provision of a transfer or the lack of one largely determines the housing tenure of Czech young adults. Without transfers, the children of homeowners are significantly less likely to also become homeowners. We also show that the probability of an adult child receiving a transfer and the size of the transfer are closely linked (a) to the adult child’s within-family socialisation and (b) to the fact of whether the parents had also received a transfer from their parents in the past and how large that transfer was. These findings have important implications for how housing markets operate and for social inequalities. For example, if an established history of within-family transfers is a predictor of homeownership in future cohorts, this may mean that an important part of society will be systemically and predictably excluded from access to homeownership and a fixed axis of reproduced housing wealth inequality may form

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GB14-36154G" target="_blank" >GB14-36154G: Dynamika změny v české společnosti</a><br>

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Housing Studies

ISSN

0267-3037

e-ISSN

1466-1810

Svazek periodika

36

Číslo periodika v rámci svazku

8

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

24

Strana od-do

1294-1317

Kód UT WoS článku

000709996300008

EID výsledku v databázi Scopus

2-s2.0-85059001110