In this study we empirically investigate whether social interactions in
uence
the economic behavior of individuals. Our analysis focuses on Dutch households
as we use data from the DNB Household Survey creating a panel for the
years 2010-2017. After controlling for a number of demographic and household
characteristics we nd that there are some signi cant but moderate peer
e ects. Speci cally, our analysis exhibits signi cant results for some of the
measures related to the locus of control of individuals, the respondents' bequest
motive and their risk aversion. Additionally, we show that the extent
of stock market participation is negatively correlated with the nancal advice
given from parents, friends and acquaintances.
(EN)
University of Ioannina
