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China Household Finance Survey (CHFS) data in 2011 and 2013 including 36213 sample households. We mainly found that, with an …
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In this paper we investigate the importance of acquaintance networks for financial decisions by households. We construct a variable capturing the expected proximity or social closeness to a subpopulation of financially savvy people using an overdispersed Poisson model. This measure captures the...
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