Download This PaperDemographics, Family/Social Interaction, and Household Finance
7 Pages Posted: 11 Sep 2019 Last revised: 29 Sep 2019
Date Written: November 2015
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
JEL Classification: G11
Suggested Citation: Suggested Citation
Gao, Ming and Fok, Robert (Chi-Wing), Demographics, Family/Social Interaction, and Household Finance (November 2015). Economics Letters, Vol. 136, 2015, Available at SSRN: https://ssrn.com/abstract=3446799
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