| 来源类型 | Discussion paper
|
| 规范类型 | 论文
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| 来源ID | DP8777
|
| 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
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| 关键词 | Ceremony
Gift giving
Peer effects
Risk pooling
Social network
Status seeking
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| URL | https://cepr.org/publications/dp8777
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537613
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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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