Do private wealth transfers help with homeownership? A first assessment for Luxembourg

Using household survey data for Luxembourg, we find that the probability of homeownership among households in Luxembourg is positively related to private wealth transfers. The size of the transfers matters. While transfers below €100,000 exert no significant influence, larger transfers increase the probability of homeownership by more than 10 percentage points. In addition, a large share of home[1]owners who received such transfers purchased their homes within a short timeframe surrounding the transfer event.

Keywords: Private wealth transfer, homeownership, household. JEL-Codes: G51, D12, D14, D31