Peer effects in the demand for housing quality

Using detailed data on friendship networks within neighborhoods, we investigate the importance of social interactions in one’s own residential neighborhood in the demand for housing quality. We find evidence consistent with the presence of peer effects, especially for households living in urban areas. Our findings are in line with the prediction of a model where conformity preferences underlie economic outcomes that involve interactions with peers.

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Year of publication:	2014
Authors:	Patacchini, Eleonora ; Venanzoni, Giuseppe
Published in:	Journal of Urban Economics. - Elsevier, ISSN 0094-1190. - Vol. 83.2014, C, p. 6-17
Publisher:	Elsevier
Subject:	Social networks \| Linear-in-means model \| Spatial autoregressive model \| Social norms

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Type of publication:	Article
Classification:	A14 - Sociology of Economics ; C21 - Cross-Sectional Models; Spatial Models ; D85 - Network Formation ; R21 - Housing Demand ; Z13 - Social Norms and Social Capital
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010931476