| dc.description.abstract | In this study, the effect of the Norwegian Financial Supervisory Authority’s introduction
of a down payment requirement on the extent of parental help young people received to
access the housing market in Norway, a phenomenon referred to as “curling”, is investigated.
To carry out the study, microdata from Statistics Norway ranging from 2005 to 2020
with a selection of people in the age span 20 to 40 years is used. The data is utilized to
construct the dependent variable, “curling”, to determine whether parental help has found
place. Heterogeneity is examined using regression models to uncover demographic trends
in parental help.
There is a remarkable increase in curling during the transition from the period before
the down repayment requirement to the time after the implementation. The findings
indicate that the introduction of a down payment requirement has increased parental help
of young people by as much as 18.53 percentage points for them to access the housing
market in Norway. The extended analysis of heterogeneity supports this claim and reveal
demographic trends of curling that favour Norwegian individuals of the male gender and
their economic advantage in terms of education and income in the occurrence of curling.
Particularly noteworthy is the causal effect exhibited by the down payment requirement
in Oslo, which demonstrates a 14 percentage points higher impact compared to the rest
of the country over a decade. | en_US |
