Most private giving between living generations takes the form of tied transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the demonstration...

Wirtschaftspolitik greift in vielen Bereichen zum Mittel direkter Vereinbarungen mit den Marktakteuren, um ihre Ziele zu verfolgen. So hat die Wohnungspolitik 1993 im Rahmen des so genannten Altschuldenkompromisses eine explizite Vereinbarung mit der Wohnungswirtschaft getroffen, die vorsieht,...

It is argued that parents provide help with housing downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the ?demonstration effect:? a child?s propensity to furnish parents with attention and care can be conditioned by parental example....

This paper describes an equilibrium life-cycle model of housing where nonconvex adjustment costs lead households to adjust their housing choice infrequently and by large amounts when they do so. In the cross-sectional dimension, the model matches the wealth distribution; the age profiles of...