The Impact of Children’s Gender on Family Housing Assets
DOI:
https://doi.org/10.62051/fb2ngj53Keywords:
Family Housing Investment; Gender of First Child; Gender Imbalance.Abstract
China's household asset investment shows the characteristics of real estate concentration, which reduces the short-term risk-resistant ability of households and restricts the consumption ability of residents. This paper puts forward the theoretical hypothesis that “families whose eldest son is a boy have stronger housing investment motives”. A probit model is constructed using data from CHFS2019 for empirical testing. The results find that households whose eldest son is a boy have a stronger propensity to invest in housing than households whose eldest son is a girl. The degree of local sex ratio imbalance and the risk attitude of the head of household also influence investment behavior.
Downloads
References
Charness, Gary, Gneezy, & Uri, Strong Evidence for Gender Differences in Risk Taking[J]. Journal of Economic Behavior & Organization, 2012, 83(1), 50-58.
Buly A. Cardak, Roger Wilkins, The determinants of household risky asset holdings: Australian evidence on background risk and other factors, Journal of Banking & Finance, Volume 33, Issue 5,2009, Pages 850-860.
Mankiw N G, Zeldes S P, The consumption of stockholders and nonstockholders [J]. NBER Working Papers, 1991(1).
Yi et al., Financial Literacy, Investment Experience and Household Asset Choice[J]. Economic Research, 2014, 49 (04): 62-75.
Wenchao Li; Changcheng Song; Shu Xu; Junjian Yi; High Sex Ratios and Household Portfolio Choice in China, Journal of Human Resources, 2022, 57(2): 465-490.
Lv Xueliang, Ma Yujie. Sex of children, housing quantity and household investment in risky financial assets[J]. Science Decision Making, 2021, 000(007):43-64.
Wei S J, Zhang X, The competitive saving motive: Evidence from rising sex ratios and savings rates in China[J]. Journal of political Economy, 2011, 119(3): 511-564.
Fang, Tian, Chuanhao, Housing and marital matching: A signaling perspective[J]. China Economic Review, 2018, 47: 27-46.
Yi Chengdong.et al., Number of children, gender and housing choice of Chinese urban households[J]. Journal of East China Normal University, 2018-06-014.
Clark V W A, Comparing Cross-Sectional and Longitudinal Analyses of Residential Mobility and Migration[J]. Environment & Planning A, 1992, 24(09).
Lu F W et al., Child gender and parental well-being[J]. Economic Research,2017,52(10):173-188.
Wei Xiahai et al., Population gender structure and household asset choice: a gender imbalance perspective[J]. Economic Review, 2020(5): 152-164.
Ebenstein, Avraham, Estimating a Dynamic Model of Sex Selection in China[J]. DEMOGRAPHY, 2011, 48(2): 783-811.
Bulte E, Tu Q, List J. Battle of the sexes: how sex ratios affect female bargaining power[J]. Economic Development and Cultural Change, 2015, 64(1): 143-161.
Downloads
Published
Conference Proceedings Volume
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
How to Cite
