Intergenerational Home Ownership in France over the Twentieth Century. Garbinti, B. & Savignac, F. In Chetty, R., Friedman, J. N., Gornick, J. C., Johnson, B., & Kennickell, A., editors, Measuring Distribution and Mobility of Income and Wealth, volume 80, of National Bureau of Economic Research Studies in Income and Wealth, pages 411–436, Chicago, 2022. University of Chicago Press.
Intergenerational Home Ownership in France over the Twentieth Century [link]Link  doi  abstract   bibtex   
We estimate the intergenerational correlation in homeownership status between two generations for cohorts covering the 20th century. First, we find higher intergenerational correlation in France compared to previous results obtained for the UK for similar cohorts. Second, the intergenerational correlation is increasing across cohorts, with a relatively stable probability of being a homeowner for children of homeowners over time, and a decreasing probability for children whose parents were not homeowners. Third, the effect of parents' tenure status is persistent over the children's life cycle. Fourth, when isolating two subpopulations based on the receipt of intergenerational transfers, we find significant intergenerational correlation in tenure status for children who did not receive any gift or inheritance, as well as for children who received intergenerational transfers, suggesting that other factors such as intergenerational income correlation or the transmission of preferences might also explain this intergenerational correlation.
@inproceedings{GarbintiSavignac2022,
  title = {Intergenerational Home Ownership in {{France}} over the Twentieth Century},
  booktitle = {Measuring Distribution and Mobility of Income and Wealth},
  author = {Garbinti, Bertrand and Savignac, Fr{\'e}d{\'e}rique},
  editor = {Chetty, Raj and Friedman, John N. and Gornick, Janet C. and Johnson, Barry and Kennickell, Arthur},
  year = {2022},
  series = {National {{Bureau}} of {{Economic Research}} Studies in Income and Wealth},
  volume = {80},
  pages = {411--436},
  publisher = {University of Chicago Press},
  address = {Chicago},
  doi = {10.7208/chicago/9780226816043.003.0014},
  url = {https://doi.org/10.7208/chicago/9780226816043.003.0014},
  abstract = {We estimate the intergenerational correlation in homeownership status between two generations for cohorts covering the 20th century. First, we find higher intergenerational correlation in France compared to previous results obtained for the UK for similar cohorts. Second, the intergenerational correlation is increasing across cohorts, with a relatively stable probability of being a homeowner for children of homeowners over time, and a decreasing probability for children whose parents were not homeowners. Third, the effect of parents' tenure status is persistent over the children's life cycle. Fourth, when isolating two subpopulations based on the receipt of intergenerational transfers, we find significant intergenerational correlation in tenure status for children who did not receive any gift or inheritance, as well as for children who received intergenerational transfers, suggesting that other factors such as intergenerational income correlation or the transmission of preferences might also explain this intergenerational correlation.},
  isbn = {978-0-226-81604-3},
  keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth},
  chapter = {13}
}

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