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Demographics, family/social interaction, and household finance

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  • Gao, Ming
  • Fok, Robert (Chi-Wing)

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.

Suggested Citation

  • Gao, Ming & Fok, Robert (Chi-Wing), 2015. "Demographics, family/social interaction, and household finance," Economics Letters, Elsevier, vol. 136(C), pages 194-196.
    • Handle: RePEc:eee:ecolet:v:136:y:2015:i:c:p:194-196
    DOI: 10.1016/j.econlet.2015.09.027
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    References listed on IDEAS

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    6. Dean Karlan & Aishwarya Lakshmi Ratan & Jonathan Zinman, 2014. "Savings by and for the Poor: A Research Review and Agenda," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(1), pages 36-78, March.
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    Citations

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    Cited by:

    1. Niu, Geng & Yu, Li & Fan, Gang-Zhi & Zhang, Donghao, 2019. "Corporate fraud, risk avoidance, and housing investment in China," Emerging Markets Review, Elsevier, vol. 39(C), pages 18-33.
    2. Niu, Geng & Wang, Qi & Li, Han & Zhou, Yang, 2020. "Number of brothers, risk sharing, and stock market participation," Journal of Banking & Finance, Elsevier, vol. 113(C).
    3. Wen, Chufu & Zhao, Xinyu & Xu, Longhao & Yin, Hua, 2023. "Military experience and household stock market participation: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 86(C).
    4. Dekui Jia & Ruihai Li & Shibo Bian & Christopher Gan, 2021. "Financial Planning Ability, Risk Perception and Household Portfolio Choice," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(8), pages 2153-2175, June.
    5. Gao, Ming, 2019. "No pain, no gain? Household beliefs and stock market participation," Economics Letters, Elsevier, vol. 181(C), pages 81-84.

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    More about this item

    Keywords

    Household financial decisions; Demographics; Family/social interaction;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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