relation: https://frw.studenttheses.ub.rug.nl/4476/
title: Influence of Parental Financial Gifts for Home Purchase on Residential  Satisfaction in the Netherlands
creator: Lambers, Bas
description: 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’.
date: 2024
type: Thesis
type: NonPeerReviewed
format: text
language: en
identifier: https://frw.studenttheses.ub.rug.nl/4476/1/Bas%20Lambers%2C%20Bachelor%27s%20thesis%202024.%20S4533399%20%282%29.pdf
identifier:   Lambers, Bas  (2024) Influence of Parental Financial Gifts for Home Purchase on Residential Satisfaction in the Netherlands.  Bachelor thesis.