Do gender, age and education affect herding in the real estate market?

Tõnn Talpsepp*, Anne Liis Tänav

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

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Abstract

The paper analyses how gender, age, education level and field of education affect herding in the real estate market. We use a dataset of residential real estate transactions from 2004–2012 in Estonia that contains demographic and educational information on the individuals in it. We do not identify any gender-based differences in herding but find a low to moderate degree of herding among very young and older individuals. Individuals with a degree in economics tend to herd less than average.

Original languageEnglish
Article number100571
Number of pages10
JournalJOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE
Volume32
Early online date1 Sep 2021
DOIs
Publication statusPublished - Dec 2021
MoE publication typeA1 Journal article-refereed

Keywords

  • Education
  • Herding
  • Housing market
  • Real estate
  • Socio-demographic factors

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