KOPS - The Institutional Repository of the University of Konstanz

Intergenerational wealth transmission and homeownership in Europe : a comparative perspective

Intergenerational wealth transmission and homeownership in Europe : a comparative perspective

Cite This

Files in this item

Checksum: MD5:e017987230ad5d5f311664f61be9ff2f

COHEN RAVIV, Or, Thomas HINZ, 2022. Intergenerational wealth transmission and homeownership in Europe : a comparative perspective. In: PLoS ONE. Public Library of Science (PLoS). 17(9), e0274647. eISSN 1932-6203. Available under: doi: 10.1371/journal.pone.0274647

@article{CohenRaviv2022-09-28Inter-58708, title={Intergenerational wealth transmission and homeownership in Europe : a comparative perspective}, year={2022}, doi={10.1371/journal.pone.0274647}, number={9}, volume={17}, journal={PLoS ONE}, author={Cohen Raviv, Or and Hinz, Thomas}, note={Article Number: e0274647} }

<rdf:RDF xmlns:dcterms="http://purl.org/dc/terms/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:bibo="http://purl.org/ontology/bibo/" xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#" xmlns:foaf="http://xmlns.com/foaf/0.1/" xmlns:void="http://rdfs.org/ns/void#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > <rdf:Description rdf:about="https://kops.uni-konstanz.de/rdf/resource/123456789/58708"> <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/43613"/> <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2022-09-29T15:13:56Z</dc:date> <dc:creator>Cohen Raviv, Or</dc:creator> <dc:rights>Attribution 4.0 International</dc:rights> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dcterms:abstract xml:lang="eng">The literature on social and wealth inequality has long acknowledged the importance of intergenerational wealth transmission (IWT) to inequality in homeownership tenure. However, it has paid insufficient attention to the institutional structures that moderate these inequalities. Therefore, in this study, we ask how institutional factors via differential housing finance systems and governmental housing policies, moderate the association between IWT and homeownership tenure. This is done by using the framework of housing regime configurations and mortgage market financialization. To do so, we pooled data for 20 European countries from the European Central Bank’s Household Finance and Consumption Survey (HFCS) for 2010–2017, for household heads aged 25–40. Our main findings show consistent contradiction to the welfare state–homeownership “trade-off” hypothesis: that is, when the rental market is more heavily regulated, it is actually young adults who benefited from IWT or who received higher value of IWT have a higher probability of mortgaged homeownership. Paradoxically, when housing finance institutions are more active and generous, the wealthiest young adults hold an advantage in mortgaged homeownership. Therefore, liberal mortgage markets actually serve to enable wealthier young adults to reproduce and preserve their parental wealth status. Further, when housing prices are less affordable (median mortgage-to-income ratio), those who have received a higher amount of IWT hold an advantage in mortgaged homeownership. We discuss the implications of our findings, which cut across the socioeconomic, spatial, and demographical arenas.</dcterms:abstract> <dcterms:hasPart rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/58708/3/Cohen-Raviv_2-zq4lfgmhcbax6.pdf"/> <dcterms:title>Intergenerational wealth transmission and homeownership in Europe : a comparative perspective</dcterms:title> <dcterms:issued>2022-09-28</dcterms:issued> <dc:language>eng</dc:language> <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/43613"/> <dc:contributor>Cohen Raviv, Or</dc:contributor> <dc:creator>Hinz, Thomas</dc:creator> <dc:contributor>Hinz, Thomas</dc:contributor> <bibo:uri rdf:resource="https://kops.uni-konstanz.de/handle/123456789/58708"/> <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/34"/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dspace:hasBitstream rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/58708/3/Cohen-Raviv_2-zq4lfgmhcbax6.pdf"/> <dcterms:rights rdf:resource="http://creativecommons.org/licenses/by/4.0/"/> <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2022-09-29T15:13:56Z</dcterms:available> <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/rdf/resource/123456789/34"/> </rdf:Description> </rdf:RDF>

Downloads since Sep 29, 2022 (Information about access statistics)

Cohen-Raviv_2-zq4lfgmhcbax6.pdf 41

This item appears in the following Collection(s)

Attribution 4.0 International Except where otherwise noted, this item's license is described as Attribution 4.0 International

Search KOPS


Browse

My Account