Intergenerational Transfers, Borrowing Constraints and the Timing of Home Ownership

Luigi Guiso and Tullio Jappelli ()

Working Papers from Banca Italia - Servizio di Studi

Abstract: The 1991 Italian Survey of Household Income and Wealth contains detailed retrospective information on major bequests and gifts received by each member of the household. This information is used to estimate the share of intergenerational transfers in total welath and to relate this share to households' characteristics. Gifts and bequests represent between 25 and 36 percent of total net worth.

Keywords: HOUSING; HOUSEHOLD (search for similar items in EconPapers)
JEL-codes: D10 D19 L80 L85 (search for similar items in EconPapers)
Pages: 74 pages
Date: 1996
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:banita:275

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