Superstition, conspicuous spending, and housing market: Evidence from Singapore

We study the effect of superstition and conspicuous spending motives on housing demand and price in Singapore. We find that buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. There were fewer housing transactions on inauspicious days of the lunar calendar when...

Full description

Saved in:
Bibliographic Details
Main Authors: HE, Jia, LIU, Haoming, SING, Tien Foo, SONG, Changcheng, WONG, Wei-Kang
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6493
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7492/viewcontent/final_submission_5Sep2018.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English
Be the first to leave a comment!
You must be logged in first