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 language | English |
|---|---|
| Article number | 100571 |
| Number of pages | 10 |
| Journal | JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE |
| Volume | 32 |
| Early online date | 1 Sept 2021 |
| DOIs | |
| Publication status | Published - Dec 2021 |
| MoE publication type | A1 Journal article-refereed |
Keywords
- Education
- Herding
- Housing market
- Real estate
- Socio-demographic factors