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The influence of spouses on household decision making under risk: an experiment in rural China

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Author Info

  • Fredrik Carlsson
  • Peter Martinsson
  • Ping Qin
  • Matthias Sutter

    ()

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 very similar to the husband’s preferences, but women who contribute relatively more to the household income, women in high-income households, and women with communist party membership have a stronger influence on the joint decision. Copyright Economic Science Association 2013

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Bibliographic Info

Article provided by Springer in its journal Experimental Economics.

Volume (Year): 16 (2013)
Issue (Month): 3 (September)
Pages: 383-401

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Handle: RePEc:kap:expeco:v:16:y:2013:i:3:p:383-401

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Web page: http://www.springerlink.com/link.asp?id=102888

Related research

Keywords: Household decision making; Risk; Experiment in the field; China; C91; C92; C93; D10;

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References

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Citations

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Cited by:
  1. Carlsson, Fredrik & Yang, Xiaojun, 2013. "Intertemporal Choice Shifts in Households: Do they occur and are they good?," Working Papers in Economics 569, University of Gothenburg, Department of Economics.
  2. Holden, Stein & Bezu, Sosina, 2014. "Are Wives less Selfish than their Husbands? Evidence from Hawk-Dove Game Field Experiments," CLTS Working Papers 3/14, Centre for Land Tenure Studies, Norwegian University of Life Sciences.
  3. Mohammed Abdellaoui & Olivier l'Haridon & Corina Paraschiv, 2013. "Do Couples Discount Future Consequences Less than Individuals?," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201320, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.

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