Peer effects in rural housing demand: Evidence from China

被引：16

作者：

Zhang, Anquan ^{[1
]}

Ni, Pengfei ^{[2
]}

Ling, Chen ^{[3
]}

机构：

[1] Southwestern Univ Finance & Econ, West Inst Econ Res, Chengdu, Peoples R China

[2] Chinese Acad Social Sci, Natl Acad Econ Strategy, Beijing, Peoples R China

[3] Zhejiang Univ Finance & Econ, Sch Publ Finance & Taxat, 18 Xueyuan St, Hangzhou 310018, Zhejiang, Peoples R China

来源：

CHINA ECONOMIC REVIEW | 2022年 / 73卷

基金：

中国国家自然科学基金;

关键词：

Peer effects; Rural housing demand; Social learning; Status seeking; SOCIAL INTERACTIONS; CONSUMPTION; DETERMINANTS; COMPETITION; CLASSROOM; MODEL;

D O I：

10.1016/j.chieco.2022.101787

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper utilizes data from the China Household Finance Survey 2011 to study peer effects in housing demand in rural China. We find that focal households' housing consumption is heavily influenced by peer households' housing consumption. Evidence from placebo tests, IV estimates and robust tests suggests that the relationship is causal. In addition, we show that status seeking and social learning play important roles in determining peer effects in the demand for rural houses. Finally, we explore the heterogeneity in peer effects and determine that the leading mechanism is status seeking.

引用

页数：13

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