relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and … rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … different degree of development of their respective mortgage markets. In Italy, alternative ways of financing, such as family …

relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and … rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … different degree of development of their respective mortgage markets. In Italy, alternative ways of financing, such as family …

environment and parental behaviors that are passed on to children and shape their savings behavior in adulthood …

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 effect:" a child's propensity to furnish parents with attention and … care can be conditioned by parental example. Parents who desire such transfers in the future have an incentive to make …