Household decision making and the influence of spouses’ income, education, and communist party membership: A field experiment in rural China
AbstractWe 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.
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Bibliographic InfoPaper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 356.
Length: 33 pages
Date of creation: 20 Apr 2009
Date of revision:
Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
More information through EDIRC
Household decision making; Risk; Field experiment; China;
Other versions of this item:
- Carlsson, Fredrik & Martinsson, Peter & Qin, Ping & Sutter, Matthias, 2009. "Household Decision Making and the Influence of Spouses' Income, Education, and Communist Party Membership: A Field Experiment in Rural China," IZA Discussion Papers 4139, Institute for the Study of Labor (IZA).
- Fredrik Carlsson & Peter Martinsson & Ping Qin & Matthias Sutter, 2009. "Household decision making and the influence of spouses? income, education, and communist party membership: A field experiment in rural China," Working Papers 2009-09, Faculty of Economics and Statistics, University of Innsbruck.
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D10 - Microeconomics - - Household Behavior - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-25 (All new papers)
- NEP-CBE-2009-04-25 (Cognitive & Behavioural Economics)
- NEP-CNA-2009-04-25 (China)
- NEP-DEV-2009-04-25 (Development)
- NEP-EXP-2009-04-25 (Experimental Economics)
- NEP-LAB-2009-04-25 (Labour Economics)
- NEP-LTV-2009-04-25 (Unemployment, Inequality & Poverty)
- NEP-TRA-2009-04-25 (Transition Economics)
- NEP-UPT-2009-04-25 (Utility Models & Prospect Theory)
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