High-Rise Housing Investments and Urban Sustainability

Efi Kyriakopoulou, Tingmingke Lu, Eleonora Patacchini and Stråle, Jonathan

No 18851, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: High-rise housing promotes efficient land use and mitigates urban sprawl, contributing to sustainable development. This paper examines the role of social interactions in shaping high-rise housing investment decisions, utilizing comprehensive longitudinal micro-level data from the entire Swedish population and detailed sales data on the nation’s housing stock. Exploiting quasi-random variation in peer exposure, we find that households are more likely to invest in high-rise housing when peers do so. A small-scale survey further reveals that high-rise living experiences are frequently discussed among acquaintances. These findings highlight peer networks’ role in housing choices, offering insights for policies supporting urban housing investments.

Keywords: Social; Networks (search for similar items in EconPapers)
JEL-codes: L15 Q56 R21 (search for similar items in EconPapers)
Date: 2024-02
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