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Analyzing Determinants of Household Financial Decision-Making: Household Stock Investment in China

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  • Jing Zhou
  • Tianhua Xiao

Abstract

This article studies the effects of factors such as income gaps within couples on their division of financial decision-making. Using unique data obtained from the China Household Finance Survey (CHFS), we find that family financial decision-making is dominated by husbands, if they work in financial industries. Moreover, the larger the gap between his income and his wife’s, the more likely the husband is to make decisions on household financial matters. Lastly, our result rejects Hypothesis 2, suggesting that Chinese men tend to hold decision-making power initially, while their wives tend to hold this power as they age.

Suggested Citation

  • Jing Zhou & Tianhua Xiao, 2018. "Analyzing Determinants of Household Financial Decision-Making: Household Stock Investment in China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(15), pages 3385-3400, December.
    • Handle: RePEc:mes:emfitr:v:54:y:2018:i:15:p:3385-3400
    DOI: 10.1080/1540496X.2018.1474736
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    Cited by:

    1. Xinxin Ma, 2023. "Internet Use and Risky Financial Market Participation: Evidence from China," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 15(2), pages 1-1, February.
    2. Xinxin Ma, 2022. "Social Insurances and Risky Financial Market Participation: Evidence from China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(10), pages 2957-2975, August.
    3. Xinxin Ma, 2022. "Medical Insurances and Financial Portfolio Choice," Springer Books, in: Public Medical Insurance Reforms in China, chapter 0, pages 193-215, Springer.
    4. Chen, Hua & Ding, Yugang & Tang, Lin & Wang, Lizhen, 2022. "Impact of urban–rural medical insurance integration on consumption: Evidence from rural China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 837-851.
    5. Si Shi & Yawen Jiang, 2022. "Does supplemental private health insurance incentivize household risky financial asset investment? Evidence from the China Household Financial Survey," International Journal of Health Economics and Management, Springer, vol. 22(4), pages 369-421, December.
    6. Nur Annisa Hasniawati & Eva R. Lase & Akhis R. Hutabarat, 2020. "Indonesian Household Payment Choice: A Nested Logit Analysis," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 291-313.

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