Lambers, Bas (2024) Influence of Parental Financial Gifts for Home Purchase on Residential Satisfaction in the Netherlands. Bachelor thesis.
|
Text
Bas Lambers, Bachelor's thesis 2024. S4533399 (2).pdf Download (637kB) | Preview |
Abstract
This paper delves into the influence of intergenerational financial gifting for home purchase on residential satisfaction in the Netherlands. As the housing affordability landscape shifts and tax policies such as one-time tax-free gifting for house purchase are abolished in the Netherlands, it becomes essential to comprehend the emotional and psychological effects of financial transfers. By employing several logistic regressions using data from the 2021 WoON (Woononderzoek Nederland), this study examines whether receiving a financial gift from parents or in-laws and the gift magnitude have a significant impact on satisfaction with one's current residence and one's neighborhood, which are the two pillars of residential satisfaction. The results show, challenging the initial expectations, that neither receiving a financial gift nor the gift magnitude significantly impacts one's residential satisfaction. These findings challenge the traditional view that increased financial resources lead to higher residential satisfaction. Instead, they lend support to the ‘have/want discrepancy’ theory, which states that the gap between desires and reality concerning living conditions stays the same when financial resources are increased. Likewise, the results point towards the importance of other factors than increased financial resources in shaping residential satisfaction. Psychological and experiential factors could be more prominent determinants. These findings open an avenue for future research on residential satisfaction with a more qualitative approach. Additionally, this research advocates for the need to conduct further qualitative studies on residential satisfaction to better understand how residential satisfaction is influenced by psychological and experiential factors. Ultimately, this study reinforces the age-old saying: ‘Money can’t buy happiness’.
| Item Type: | Thesis (Bachelor) |
|---|---|
| Degree programme: | Human Geography and Planning |
| Supervisor: | Liu, X. |
| Date Deposited: | 23 Feb 2024 12:38 |
| Last Modified: | 23 Feb 2024 12:38 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4476 |
Actions (login required)
 |
View Item |