Using path dependence theory to explain housing regime change : the traps of super-homeownership
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The goal of this paper is to demonstrate the usefulness of path dependence theory to explain the convergence of housing regimes among post-socialist countries, both at the beginning and in the later phases of housing-regime transformation. We especially seek to show the selected common traps that were recently created by the legacy of giveaway privatisation and the super-homeownership regime, traps that increase intergenerational inequality, which to now has been effectively mitigated by within-family financial transfers.
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