On the Gender Difference in Real Estate Returns in Taiwan

51 Pages Posted: 1 Jul 2020 Last revised: 18 Apr 2022

See all articles by C. Y. Cyrus Chu

C. Y. Cyrus Chu

Academia Sinica - Institute of Economics

Po-Hsuan Hsu

National Tsing Hua University - Department of Quantitative Finance

Yi-Ting Wang

Academia Sinica - Institute of Economics

Date Written: April 16, 2022

Abstract

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

Suggested Citation

Chu, C. Y. Cyrus and Hsu, Po-Hsuan and Wang, Yi-Ting, On the Gender Difference in Real Estate Returns in Taiwan (April 16, 2022). Available at SSRN: https://ssrn.com/abstract=3622802 or http://dx.doi.org/10.2139/ssrn.3622802

C. Y. Cyrus Chu

Academia Sinica - Institute of Economics ( email )

128 Academia Road, Section 2
Nankang
Taipei, 11529
Taiwan

Po-Hsuan Hsu (Contact Author)

National Tsing Hua University - Department of Quantitative Finance ( email )

101, Section 2, Kuang-Fu Road
Hsinchu, Taiwan 300
China

Yi-Ting Wang

Academia Sinica - Institute of Economics ( email )

128 Academia Road, Section 2
Nankang
Taipei, 11529
Taiwan

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