Template-Type: ReDIF-Article 1.0

Author-Name: Kata Plochl
Author-Workplace-Name: Sopron University
Author-Email: plochl.kata@gmail.com

Author-Name: Csilla Obadovics
Author-Workplace-Name: Sopron University
Author-Email: obadovics.csilla@uni-sopron.hu

Title: Examination of Applicants for Home Purchase Subsidy for Families in Terms of Prior Commitment to Having Children and Extent of Property Acquisition, Based on the Data of a Credit Institution

Abstract: By examining a credit institution's database for the period 2016-2020, the authors
aimed to discover the extent to which Home Purchase Subsidy (HPS) for families
applicants use the subsidy received in return for committing to having children in
Hungary. The current study also examines which social groups the HPS provides essential
assistance to with home purchasing, and at which income level and property value the
subsidy motivates the purchase of a second home. Using cluster analysis, the authors
found that groups with modest incomes and housing are the most likely to commit
to having children in advance. Though the subsidy assists this group the most with
housing, the amount received from the subsidy is small. Moreover, the current study
revealed that 8 per cent of applicants used the subsidy to purchase a second property.

Classification-JEL: H31, G51, R21, J13
Keywords: HPS, housing subsidy, family support, housing need, childbearing willingness
Pages: 80-109
Volume: 20
Issue: 3
Year: 2021
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-20-3-st4-plochl-obadovics.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:20:y:2021:i:3:p:80-109