Peer effects in the demand for housing quality

Eleonora Patacchini and Giuseppe Venanzoni

Journal of Urban Economics, 2014, vol. 83, issue C, 6-17

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 underlie economic outcomes that involve interactions with peers.

Keywords: Social networks; Linear-in-means model; Spatial autoregressive model; Social norms (search for similar items in EconPapers)
JEL-codes: A14 C21 D85 R21 Z13 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (16)

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Working Paper: Peer Effects in the Demand for Housing Quality (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:83:y:2014:i:c:p:6-17

DOI: 10.1016/j.jue.2014.06.002

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