Kováts Bence: The Financialisation of Housing and Housing-related Family Support in Hungary
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4. Housing-related family support in Hungary
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4.3. Microdeterminants of parental support
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4.3.3. Financial support

4.3.3. Financial support

Jegyzet elhelyezéséhez, kérjük, lépj be.!

Determinants of financial support were examined in detail by Róbert (1986, pp. 152–154) through survey data recorded in 1981-1982. He found that the socio-economic status of both parents and children significantly influenced the reception of financial support. Surprisingly, in contrast with recent findings in the literature based on NWE evidence, Róbert found that the socio-economic status of the child more positively influences the reception of financial support than that of their parents. A plausible explanation behind this surprising finding is that social mobility during state socialism was high and typically those who had been strongly supported by their parents earlier could achieve a higher socio-economic status than their parents.

Jegyzet elhelyezéséhez, kérjük, lépj be.!

Considering that the norm of supporting adult children is stronger in rural areas, where housing provision by the state was for long minimal, it is less surprising that rural residence of both the parents and the child also increases the probability of receiving a transfer. Though the relationship between socio-economic characteristics of parents and children has definitely changed significantly in the past four decades, results suggest financial support is provided mostly by wealthier parents living in villages, but is relatively rare among low-income urbanites.

Jegyzet elhelyezéséhez, kérjük, lépj be.!

Although the provision of dwellings to children falls in the category of financial support, Örkény and Székelyi (n.a., pp. 14–15) analysed the practice separately and their results are worth mentioning. They found that the provision of dwellings is less common in families with some children remaining in the parental home. In the authors’ opinion, parents provide the same amount of support to their children and parents with more children (with a remarkable age difference) can less afford to purchase a dwelling for each of their children, even if they belong to higher classes.
 
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