| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15556 |
| DP15556 Social Finance | |
| Theresa Kuchler; Johannes Ströbel | |
| 发表日期 | 2020-12-14 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This evidence shows, for example, that there are large peer effects in mortgage refinancing decisions and that individuals' beliefs about the attractiveness of housing market investments are affected by the recent house price experiences of their friends. We also summarize the evidence that social interactions affect the stock market investments of both retail and professional investors as well as household financial decisions such as retirement savings, borrowing, and default. Along the way, we describe a number of easily accessible recent data sets for the study of social interactions in finance, including the "Social Connectedness Index,'' which measures the frequency of Facebook friendship links across geographic regions. We conclude by outlining several promising directions for further research in the field of "social finance.'' |
| 主题 | Financial Economics |
| URL | https://cepr.org/publications/dp15556 |
| 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/544562 |
| 推荐引用方式 GB/T 7714 | Theresa Kuchler,Johannes Ströbel. DP15556 Social Finance. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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