Mine, Yours or Ours? The Efficiency of Household Investment Decisions: An Experimental Approach
AbstractWe conduct an experiment to measure the relative importance of key factors that influence the efficiency of household investment decisions. We find that, both for men and women, their spouse's access to information does not affect efficiency. However, they are willing to sacrifice much ef¬ficiency for greater personal control over household income. Intriguingly, even when spouses' control over household income is exogenously assigned, inefficiency persists: As a wife's assigned share increases, husbands undercut their own income to reduce hers. This self-destructive and spiteful behavior is best explained by non-economic factors such as identity, seldom emphasized in mainstream household economic models.
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Bibliographic InfoPaper provided by Competitive Advantage in the Global Economy (CAGE) in its series CAGE Online Working Paper Series with number 63.
Date of creation: 2011
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INTRA-HOUSEHOLD; FAMILY; EFFICIENCY; BARGAINING; FIELD EXPERIMENT; IDENTITY;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-01 (All new papers)
- NEP-DEM-2012-02-01 (Demographic Economics)
- NEP-EXP-2012-02-01 (Experimental Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Heterogeneity Matters: When the average hides what is true for most - Guest post by Jessica Hoel
by Development Impact Guest Blogger in Development Impact on 2012-12-09 22:02:30
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