On the Gender Difference in Real Estate Returns in Taiwan
51 Pages Posted: 1 Jul 2020 Last revised: 18 Apr 2022
Date Written: April 16, 2022
We combine several administrative databases of the Taiwan government and show that men own more land and their annual rates of returns (ROR) outperform women’s by almost 1% per year. By applying various tests, we find that such a gender difference with respect to ROR appears 1) only in land acquired through parental transfers or purchases partly funded by parents, and 2) only in cases when parents have children of different genders. Our results support the hypothesis that it is parents’ patriarchal gender preference that leads to women’s wealth disadvantage of lands, in both quantity and quality.
Keywords: real estate; gender differences; gender discrimination; real estate; land transactions; investor behaviors
JEL Classification: D14, G51, H20, R30
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