THE IMPACT OF FINANCIAL HELP AND GIFTS ON HOUSING DEMAND AND COST BURDENS
"Financial transfers are an important source of income for many households and recipients may use these funds to pay for housing services. This paper examines the separate impact of financial help and substantial gifts on both housing demand and housing cost burden. The results indicate receiving gifts has a positive and statistically significant impact on housing demand. Households receiving help or gifts have substantially higher housing cost burdens, all else being held constant. These findings have implications for the financial well-being of recipient households and ultimately, the mortgage industry". ("JEL "R20, R21) Copyright (c) 2008 Western Economic Association International.
Year of publication: |
2008
|
---|---|
Authors: | LUEA, HEATHER M. |
Published in: |
Contemporary Economic Policy. - Western Economic Association International - WEAI, ISSN 1074-3529. - Vol. 26.2008, 3, p. 420-432
|
Publisher: |
Western Economic Association International - WEAI |
Saved in:
freely available
Saved in favorites
Similar items by person
-
The impact of financial help and gifts on housing demand and cost burdens
Luea, Heather M., (2008)
- More ...