In recent times, forest tenure reform has become one of the most discussed agendas among local and global policymakers. Forest tenure is a contract that specifies who has rights to forestry resources and depicts who should utilize, maintain, and acquire them. It can have a significant impact on whether farmers invest in their forestland. The study’s primary purpose is to explore whether and how the reform of forest rights affects farmers’ investment in public welfare forestry.

Existing literature about the impact of farmland titling on farmland transfer takes no account of farmland plot characteristics, which makes them unable to effectively identify the causal relationship between farmland titling and farmland transfer. After the theoretical analysis, based on land plot level micro-survey data, we adopt the instrumental variable (IV) and conditional mixed process (CMP) methods to ease the endogeneity problem in the model and conduct a quantitative analysis.

The paper examines the applicability of the concept of ‘generation rent’ in the ‘super-homeownership’ housing regime and better-off focused welfare regime of Hungary. Available official statistical and survey data show the increase in private rentals among young households, and the appearance of private rental housing as a potential longer-term solution in the attitudes of young people towards housing. In the Hungarian context, the strong role of intergenerational transfers in access to home ownership and public housing policies contribute to the development of a ‘generation rent’.