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    Getting a Helping Hand: Parental Transfers and First-Time Homebuyers


    Roche, Maurice J. and Duffy, David (2007) Getting a Helping Hand: Parental Transfers and First-Time Homebuyers. UNSPECIFIED. (Unpublished)

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    Abstract

    A model that allows for inter vivos intergenerational transfers in a booming housing market is developed. The model is used to explain how transfers effect the first-time homebuyer's consumption and housing decisions by alleviating borrowing constraints. The general implications of the model are tested using data from the leading Irish mortgage provider. We find that private transfers are targeted towards homebuyers that are liquidity constrained.

    Item Type: Other
    Additional Information: Classification: R21
    Keywords: Transfers, Housing, Borrowing Constraint
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 533
    Depositing User: Ms Sandra Doherty
    Date Deposited: 29 May 2007
    Refereed: No
    URI:
    Use Licence: This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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