G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8777
DP8777 Peer Effects, Risk Pooling, and Status Seeking: What Explains Gift Spending Escalation in Rural China?
Ravi Kanbur; Xiaobo Zhang
发表日期2012
出版年2012
语种英语
摘要It has been widely documented that the poor spend a significant proportion of their income on gifts even at the expense of basic consumption. We test three competing explanations of this phenomenon--peer effect, status concern, and risk pooling--based on a census-type primary household survey in three natural villages in rural China and on detailed household records of gifts received on major occasions. We show that gift-giving behavior is largely influenced by peers in reference groups. Status concern is another key motive for keeping up with the Joneses in extending gifts. In particular, poor families with sons spend more on gift giving in proportion to their income than their rich counterparts, in response to the tightening marriage market. In contrast, risk pooling does not seem to be a key driver of the observed gift-giving patterns. However, we show that large windfall income triggers the escalation of competitive gift-giving behavior.
主题Development Economics
关键词Ceremony Gift giving Peer effects Risk pooling Social network Status seeking
URLhttps://cepr.org/publications/dp8777
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/537613
推荐引用方式
GB/T 7714
Ravi Kanbur,Xiaobo Zhang. DP8777 Peer Effects, Risk Pooling, and Status Seeking: What Explains Gift Spending Escalation in Rural China?. 2012.
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