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  • 1
    Online Resource
    Online Resource
    [S.l.] : SSRN
    UID:
    (DE-627)1792811349
    Format: 1 Online-Ressource (61 p)
    Series Statement: NBER Working Paper No. w18000
    Content: While in standard housing economics housing is regarded as an asset and a consumption good, we study in this paper the consequences for housing prices if housing is also a status good. More concretely, if a family's housing wealth relative to others is an important marker for relative status in the marriage market, then competition for marriage partners might motivate people to pursue a bigger and more expensive house/apartment beyond its direct consumption (and financial investment) value. To test the empirical validity of the hypothesis, we have to overcome the usual difficulty of not being able to observe the intensity of status competition. Our innovation is to explore regional variations in the sex ratio for the pre-marital age cohort across China, which likely has triggered variations in the intensity of competition in the marriage market. The empirical evidence appears to support this hypothesis. We estimate that due to the status good feature of housing, a rise in the sex ratio accounts for 30-48% of the rise in real urban housing prices in China during 2003-2009
    Note: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2012 erstellt
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    UID:
    (DE-627)715792903
    Format: 60 S. , graph. Darst.
    Series Statement: NBER working paper series 18000
    Note: Parallel als Online-Ausg. erschienen
    Language: English
    Keywords: Arbeitspapier ; Graue Literatur
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  • 3
    UID:
    (DE-627)1012241874
    ISSN: 0304-3878
    In: Journal of development economics, Amsterdam : Elsevier, 1974, 127(2017) vom: Juli, Seite 169-186, 0304-3878
    In: volume:127
    In: year:2017
    In: month:07
    In: pages:169-186
    Language: English
    Keywords: Aufsatz in Zeitschrift
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  • 4
    Online Resource
    Online Resource
    Cambridge, Mass. : National Bureau of Economic Research
    UID:
    (DE-603)438115848
    Format: 1 Online Ressource
    Series Statement: NBER working paper series no. w18000
    Content: While in standard housing economics housing is regarded as an asset and a consumption good, we study in this paper the consequences for housing prices if housing is also a status good. More concretely, if a family's housing wealth relative to others is an important marker for relative status in the marriage market, then competition for marriage partners might motivate people to pursue a bigger and more expensive house/apartment beyond its direct consumption (and financial investment) value. To test the empirical validity of the hypothesis, we have to overcome the usual difficulty of not being able to observe the intensity of status competition. Our innovation is to explore regional variations in the sex ratio for the pre-marital age cohort across China, which likely has triggered variations in the intensity of competition in the marriage market. The empirical evidence appears to support this hypothesis. We estimate that due to the status good feature of housing, a rise in the sex ratio accounts for 30-48% of the rise in real urban housing prices in China during 2003-2009.
    Language: English
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  • 5
    UID:
    (DE-627)880217006
    ISSN: 1673-3444
    In: Frontiers of economics in China, Biggleswade : BRILL, 2006, 11(2016), 3 vom: Sept., Seite 355-366, 1673-3444
    In: volume:11
    In: year:2016
    In: number:3
    In: month:09
    In: pages:355-366
    Language: English
    Keywords: Aufsatz in Zeitschrift
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  • 6
    UID:
    (DE-627)1793260664
    Format: 1 Online-Ressource (55 p)
    Series Statement: NBER Working Paper No. w15093
    Content: The high and rising household savings rate in China is not easily reconciled with the traditional explanations that emphasize life cycle factors, the precautionary saving motive, financial development, or habit formation. This paper proposes a new competitive saving motive: As the sex ratio rises, Chinese parents with a son raise their savings in a competitive manner in order to improve their son's relative attractiveness for marriage. The pressure on savings spills over to other households. Both cross-regional and household-level evidence supports this hypothesis. This factor can potentially account for about half of the actual increase in the household savings rate during 1990-2007
    Note: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 2009 erstellt
    Language: English
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  • 7
    UID:
    (DE-627)1791857388
    Format: 1 Online-Ressource (16 p)
    Series Statement: Asian Development Bank Economics Working Paper Series No. 465
    Content: This short essay surveys recent literature on the competitive saving motive and its broader economic implications. The competitive saving motive is defined as saving to improve one's status relative to other competitors for dating and marriage partners. Here are some of the key results of the recent literature: (i) cross-country evidence show that greater gender imbalances tend to correspond with higher savings rates; (ii) household-level evidence suggest that: (a) families with unmarried sons in rural regions with more skewed sex ratios tend to have higher savings rates, while savings rates of families with unmarried daughters appear uncorrelated with gender imbalances; and (b) savings rates of families in cities tend to rise with the local sex ratio; (iii) rising sex ratios contribute nearly half of the rise in housing prices in the People's Republic of China; and (iv) families with sons in regions of greater sex ratios are more likely to become entrepreneurs and take risky jobs to earn more income
    Note: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2015 erstellt
    Language: English
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  • 8
    UID:
    (DE-627)669556939
    Format: graph. Darst.
    ISSN: 0022-3808
    Note: Erratum enth. in Vol. 119.2011,4, S. 820
    In: Journal of political economy, Chicago, Ill. : Univ. Press, 1892, 119(2011), 3 vom: Juni, Seite 511-564, 0022-3808
    In: volume:119
    In: year:2011
    In: number:3
    In: month:06
    In: pages:511-564
    Language: English
    Keywords: Aufsatz in Zeitschrift
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  • 9
    UID:
    (DE-627)653778759
    Format: 44 S. , graph. Darst.
    Series Statement: NBER working paper series 16800
    Content: "China experiences an increasingly severe relative surplus of men in the pre-marital age cohort. The existing literature on its consequences focuses mostly on negative aspects such as crime. In this paper, we provide evidence that the imbalance may also stimulate economic growth by inducing more entrepreneurship and hard work. First, new domestic private firms - an important engine of growth - are more likely to emerge from regions with a higher sex ratio imbalance. Second, the likelihood for parents with a son to be entrepreneurs rises with the local sex ratio. Third, households with a son in regions with a more skewed sex ratio demonstrate a greater willingness to accept relatively dangerous or unpleasant jobs and supply more work days. In contrast, the labor supply pattern by households with a daughter is unrelated to the sex ratio. Finally, regional GDP tends to grow faster in provinces with a higher sex ratio. Since the sex ratio imbalance will become worse in the near future, this growth effect is likely to persist"--National Bureau of Economic Research web site
    Note: Parallel als Online-Ausg. erschienen
    Language: English
    Keywords: Arbeitspapier ; Graue Literatur
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  • 10
    UID:
    (DE-627)604054076
    Format: 49 S. , graph. Darst.
    Series Statement: NBER working paper series 15093
    Note: Parallel als Online-Ausg. erschienen
    Language: English
    Keywords: Arbeitspapier ; Graue Literatur
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