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Author Carlsson, Fredrik ♦ Martinsson, Peter ♦ Qin, Ping ♦ Sutter, Matthias
Source EconStor
Content type Text
Publisher Institute for the Study of Labor (IZA)
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Household decision making ♦ risk ♦ field experiment ♦ China ♦ Haushaltsökonomik ♦ Feldforschung ♦ Ländlicher Raum ♦ China ♦ Design of Experiments: Laboratory, Individual ♦ Design of Experiments: Laboratory, Group Behavior ♦ Field Experiments ♦ Household Behavior: General
Abstract We study household decision making in a high-stakes experiment with a random sample of households in rural China. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk preferences are more similar the richer the household and the higher the wife's relative income contribution. A couple's joint decision is typically determined by the husband, but women who contribute relatively more to the household income, women in high-income households, women with more education than their husbands, and women with communist party membership have a stronger influence on the joint decision.
Part of series IZA Discussion Papers x4139
Learning Resource Type Article
Publisher Date 2009-01-01
Publisher Place Bonn
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