Kováts Bence: The Financialisation of Housing and Housing-related Family Support in Hungary
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6. Trends and determinants of parental support after the regime change
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6.2. Parental microdeterminants
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6.2.3. Types of parental support
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6.2.3.3. Financial transfers

6.2.3.3. Financial transfers

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In the 2003 dataset, the provision of financial support seemed to be strongly determined by privileged socio-economic status and rural residence. Affiliation with the highest class; owner-occupancy; residence in provincial cities, towns or villages; and small size of the parent household affect the incidence of financial support strongly positively. By 2015, the effect of class weakened, that of provincial residence strengthened a little, while the impact of tenure and household size diminished.

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The above trend suggests that in late state socialism and the first period of the regime change, the early consequences of which were recorded by the 2003 survey, financial support was a privilege of higher classes residing in owner-occupied dwellings seeking to socialise their children into a tenure that they could not obtain through their own resources. (Data presented in Section 6.1.2 showing the covariance of mortgage market cycles and parental support suggests financial support is a type of home ownership support and is rarely provided for rental housing.) As the transformation into market capitalism went ahead and privatisation of public housing was completed, financial support became the norm outside Budapest after the millenium: a much larger number of parents chose to provide financial help. The causes behind the increasing importance of residence remains unknown for the moment. The analysis therefore confirmed H3c supposing a positive relationship between class and financial support.
 
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