Peer Effects in the Demand for Housing Quality

Eleonora Patacchini and Giuseppe Venanzoni
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Giuseppe Venanzoni: Sapienza University of Rome, Italy

No 158, Center for Policy Research Working Papers from Center for Policy Research, Maxwell School, Syracuse University

Abstract: 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 are the key element underlying economic outcomes that involve interactions with peers. Key Words: Social Networks; Linear-In-Means Model; Spatial Autoregression Model; Social Norms JEL No. A14, C21, D85, R21, Z13

Pages: 21 pages
Date: 2013-09
New Economics Papers: this item is included in nep-net, nep-soc and nep-ure
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https://surface.syr.edu/cpr/391/ (application/pdf)

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Journal Article: Peer effects in the demand for housing quality (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:max:cprwps:158

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