Examination of Applicants for Home Purchase Subsidy for Families in Terms of Prior Commitment to Having Children and Extent of Property Acquisition, Based on the Data of a Credit Institution

Kata Plochl () and Csilla Obadovics ()
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Kata Plochl: Sopron University
Csilla Obadovics: Sopron University

Financial and Economic Review, 2021, vol. 20, issue 3, 80-109

Abstract: By examining a credit institution's database for the period 2016-2020, the authors aimed to discover the extent to which Home Purchase Subsidy (HPS) for families applicants use the subsidy received in return for committing to having children in Hungary. The current study also examines which social groups the HPS provides essential assistance to with home purchasing, and at which income level and property value the subsidy motivates the purchase of a second home. Using cluster analysis, the authors found that groups with modest incomes and housing are the most likely to commit to having children in advance. Though the subsidy assists this group the most with housing, the amount received from the subsidy is small. Moreover, the current study revealed that 8 per cent of applicants used the subsidy to purchase a second property.

Keywords: HPS; housing subsidy; family support; housing need; childbearing willingness (search for similar items in EconPapers)
JEL-codes: G51 H31 J13 R21 (search for similar items in EconPapers)
Date: 2021
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