Do Private Wealth Transfers Help With Homeownership? A First Assessment for Luxembourg

Thomas Mathä, Giuseppe Pulina and Michael Ziegelmeyer

No 174, BCL working papers from Central Bank of Luxembourg

Abstract: Using household survey data for Luxembourg, we find that the probability of homeownership among households in Luxembourg is positively related to private wealth transfers. The size of the transfers matters. While transfers below €100,000 exert no significant influence, larger transfers increase the probability of homeownership by more than 10 percentage points. In addition, a large share of homeowners who received such transfers purchased their homes within a short timeframe surrounding the transfer event.

Keywords: Private wealth transfer; homeownership; household. (search for similar items in EconPapers)
JEL-codes: D12 D14 D31 G51 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2023-06
New Economics Papers: this item is included in nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bcl:bclwop:bclwp174

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