公司金融教研室学术讲座

报告题目：Intergenerational effects of housing wealth: parental housing return and children’s home purchase （住房资产的代际影响：父母的住房投资回报与子女的购房决策）

报  告  人：方帅 (格罗宁根大学，博士研究生)

主  持  人：戴芸（中山大学岭南学院，副教授）

时       间：2023年2月24日（周五）中午12:00

地       点：岭南堂汪道涵会议室

语       言：英文+中文

摘要：

This paper examines whether household decisions are influenced by the experience shared by others in their social network, by investigating the effects of parental housing experience on their children's homeownership decision. We use nationwide administrative data from the Netherlands and find that a one percentage point increase in the parent's annualized cumulative return leads to a 0.1 percentage point increase in the probability of an initially renting child becoming a homeowner. We show that these results are robust across different specifications, and cannot be explained by differences in buyer characteristics, the timing of parents’ house purchase, and location. This intergenerational dependence could be explained by the effects of parental experience on expectation formation of children, while intergenerational wealth transfer is unlikely to play a role.

报告人介绍：

        方帅，格罗宁根大学经济学博士在读，研究领域为家庭金融，硕士和本科毕业于清华大学。目前他的主要的研究内容为家庭的预期、资产选择、投资回报的代际影响和创业决策等。他已发表论文于China Economic Review，工作论文处于国际顶尖期刊审稿阶段。

        欢迎师生参加！