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.
Peer effects in the demand for housing quality / Patacchini, Eleonora; Venanzoni, Giuseppe. - In: JOURNAL OF URBAN ECONOMICS. - ISSN 0094-1190. - STAMPA. - 83:(2014), pp. 6-17. [10.1016/j.jue.2014.06.002]
Peer effects in the demand for housing quality
PATACCHINI, Eleonora;VENANZONI, Giuseppe
2014
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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
