Download or read book Intergenerational and Interfamilial Transfers of Wealth and Housing written by Mathew Arcus and published by . This book was released on 2005-01-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intergenerational Wealth Transfer and Its Impact on Housing written by Xiao Di Zhu and published by . This book was released on 2002 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing Finance and Intergenerational Wealth Transfer written by Edwin Deutsch and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sheds light on intrafamilial gifts for housing. By using Austrian intergenerational survey data various questions are addressed. First, is familial aid more or less widespread in given social strata? Second, what are the determinants and motives for family gifts? And third, what are the possible impacts on the choice set of their recipients? Probit estimates show that gifts significantly depend on the parents lifetime financial position, consistent with life cycle permanent income (LCPI) approaches. Gifts to remove liquidity constraints are more difficult to reconcile with LCPI. quot;Dynasticquot; gifts that support household formation and ownership acquisition may be interpreted as intergenerational exchange. They occur more frequently than periodical cash transfers where altruistic behavior cannot be ruled out.
Download or read book Intergenerational Transfers Borrowing Constraints and the Timing of Home Ownership written by Luigi Guiso and published by . This book was released on 1996 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exploring Intergenerational Wealth Transfer Dynamics with Agent Based Models written by Osonde Osoba and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Personal wealth is often viewed as a product of good decision-making. Choose a good education, a good job, earn a good income, invest wisely, take risks, start a business, innovate. However, the reality of wealth is quite different. Wealth is often passed down from generations through inheritance and in-vivo transfers. One's household's wealth is as much an expression of their opportunities, as it is the opportunities of their parents and their grandparents. This means that wealth is a way for the present to hang on to the past and to propel the future. For differences between Black and white households, wealth is a reflection of past inequity. Longstanding inequities in the U.S. have worked against racial equity through myriad legal practices & exclusions: slavery, Jim Crow, the New Deal, FHA loans, the GI Bill's lack of Black inclusion,de jure segregation of red lining, reverse red lining, racial covenants, and the persistent injustices of a criminal justice system that led to the death of George Floyd sparking a wave of protest and conversation (Rothstein 2017, Darity Jr and Mullen 2020). While no American alive bore firsthand witness to all of this history, most Americans have borne witness to some, and the accumulation of harms reverberates across the life course of all. The sociological, psychological and ethical costs of disparities and discrimination in access to education, health, jobs, housing, justice, and financing cannot be fully measured. There is however one indicator that reflects some portion of these inequitable costs: the Black-white wealth gap in American society today (Shapiro, Meschede et al. 2013, Fox 2016, Pfeffer 2018, Boshara 2020, Aladangady and Forde 2021, Toney and Robertson 2021). The wealth gap reflects income differences accumulated over time, and hence serve as a useful economic "stock" of disparities. While median white household income is $68,000 and $40,000 for Blacks, the total wealth of an average white family is 10 times that of a Black family--$170,000 v $17,000 (Federal Reserve Board 2019). This paper is motived by addressing the history of unjust and, at times, racially motivated policy-making that is responsible for significant portions of the adverse racially disparate outcomes we can now measure. Given a long term policy challenge of identifying effective policies for addressing the wealth gap, this paper takes a first step in introducing a modeling environment that could be used for testing the long run impacts of policy interventions on differences between white and Black wealth.
Download or read book Intergenerational Exchanges and Economic Security written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Scholars have shown that intergenerational transfers positively affect the recipient's wealth. However, no one had considered how these types of transfers affect the wealth of the donor. The purpose of my dissertation was to determine if parents compromise their own economic well-being as a result of having children and engaging in financial transfers to them. I defined economic well-being as overall net worth, financial assets, and housing net worth. Financial transfers to children are defined as investments in children's education. By examining the effects of a relatively common and discretionary transfer to children, we gain a broad understanding of the effects of transfers on wealth, a previously overlooked topic in the sociology of wealth. I use the Health and Retirement Survey (1992), a nationally representative biennial longitudinal survey of person born between 1931 and 1941, to examine these relationships. Comparing wealth outcomes for households with and without children I was able to demonstrate that there are no long-term negative financial consequences associated with having children. Shifting the focus to differences among parents in their level of financial support of their children, I found that investing in children's education has positive effects on overall net worth and housing net worth. Finally, I examined these relationships separately for white, black, and Hispanic households in order to determine if there were racial or ethnic differences in the effects of having children and investing in their children's education on wealth. I found that while there were no substantive differences in the effects of having children on wealth by race or ethnicity, there differences in the effects of educational expenditures.
Download or read book Consequences of Intergenerational Transfer of Wealth for Living Standards and Social Inequality written by Noah Lewin-Epstein and published by . This book was released on 1996 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intergenerational Transfers and Wealth in the Euro area The Relevance of Inheritances and Gifts in Absolute and Relative Terms written by Anita Tiefensee and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intergenerational Transfers written by Ming Chen and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Intergenerational Transfers and Wealth Accumulation Over the Life cycle written by Maria Perozek and published by . This book was released on 1997 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Beyond Home Ownership written by Richard Ronald and published by Routledge. This book was released on 2012-03-12 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: In context of ongoing transformations in housing markets and socioeconomic conditions, this book focuses on past, current and future roles of home ownership in social policies and welfare practices. It considers owner-occupied housing in terms of diverse meanings and manifestations, but in particular the part played by housing tenure in the political, socioeconomic and demographic changes that have characterized the pre- and post-crisis era. The intensified promotion of home ownership in recent decades helped stimulate an increasing orientation towards the private consumption of housing, not only as a home, but also an asset – or possibly speculative vehicle – that enhances household economic capacity and can be transferred to children or other family, or even exchanged for other goods. The latest global financial crisis, however, made it clear that owner-occupied housing markets and mortgage sectors have become deeply embedded in networks of socioeconomic interdependency and risk. This collection engages with numerous debates on housing and society in a range of developed societies from North America to Asia-Pacific to North, South, East and West Europe. Interdisciplinary contributors draw upon diverse empirical data to explore how housing and home ownership has become so embedded in polity, economy and household welfare conditions in various social and cultural contexts. Another concern is what lies beyond home ownership considering the integration of housing systems with economic growth and social stability appears to be unravelling. This volume speaks to public debates concerning the future of housing markets, policy and tenure, providing deep and provocative insights for academics, students and professionals alike.
Download or read book Help Onto the Housing Ladder written by Bee Boileau and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes patterns of financial help from family received by first-time buyers. We quantify the value of gifts and loans made, how they vary across different regions of the country and between those from different parental backgrounds, and shed light on their role in explaining inequalities in homeownership and wealth.
Download or read book Intergenerational Transfers and the Accumulation of Wealth written by William G. Gale and published by . This book was released on 2014 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Households acquire wealth from two sources: they save out of income they have earned, and they receive transfers from other people. The first method of wealth accumulation goes under the name of life-cycle saving, in which people save during their working lives and dissave after retirement; the second involves either an inter vivos transfer (that is, a transfer between living people) or a bequest (a transfer that occurs at the death of the donor). While inter vivos transfers and bequests will arise in dynastic models where preferences include a taste for the well-being of one's descendents, few empirical life-cycle models reflect these concerns. Indeed, a sharp debate has arisen over the ability of the simple life-cycle model to explain observed wealth accumulation.
Download or read book Housing and Family Wealth written by R Forrest and published by Routledge. This book was released on 2013-07-23 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1995. Routledge is an imprint of Taylor & Francis, an informa company.
Download or read book Inheritance and the Inequality of Material Wealth written by John A. Brittain and published by Washington : Brookings Institution. This book was released on 1978 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inheritance as a determinant of personal wealth: Inferences from data on married men and women; implications of the life cycle hypothese and the wealth age association. Intergenerational wealth relationships.
Download or read book Intergenerational Transfers by Size and Wealth Inequality in Rich Countries written by Brian Nolan and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intergenerational Transfers and the Accumulation of Wealth written by William G. Gale and published by . This book was released on 1991 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
