Demographics, family/social interaction, and household finance

Ming Gao and Fok, Robert (Chi-Wing)

Economics Letters, 2015, vol. 136, issue C, 194-196

Abstract: We examine the role of demographics and family/social interaction in Chinese household finance. The impacts of demographic characteristics are not limited to stock market participation, but extend to other financial activities. Households with strong family and social interaction are more likely to save, invest in risky assets and borrow. Family interaction is positively related to informal financing.

Keywords: Household financial decisions; Demographics; Family/social interaction (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:136:y:2015:i:c:p:194-196

DOI: 10.1016/j.econlet.2015.09.027

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