Demographics, Family/Social Interaction, and Household Finance

7 Pages Posted: 11 Sep 2019 Last revised: 29 Sep 2019

See all articles by Ming Gao

Ming Gao

Peking University - School of Economics

Robert (Chi-Wing) Fok

University of Wisconsin - Parkside

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

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

Ming Gao

Peking University - School of Economics ( email )

Beijing, 100871
China

HOME PAGE: http://scholar.pku.edu.cn/gao

Robert (Chi-Wing) Fok (Contact Author)

University of Wisconsin - Parkside

900 Wood Road
P.O. Box 2000
Kenosha, WI 53141-2000
United States

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