| ID | 187861 |
| Title Proper | Peer effects in rural housing demand |
| Other Title Information | Evidence from China |
| Language | ENG |
| Author | Zhang, Anquan |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | China Economic Review Vol. 73; Jun 2022: p.101787 |
| Journal Source | China Economic Review 2022-05 73 |
| Key Words | Social Learning ; Peer Effects ; Status Seeking ; Rural Housing Demand |