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Household decision making and the influence of spouses? income, education, and communist party membership: A field 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 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 Info

Paper provided by Faculty of Economics and Statistics, University of Innsbruck in its series Working Papers with number 2009-09.

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Length: 38
Date of creation: Apr 2009
Date of revision:
Handle: RePEc:inn:wpaper:2009-09

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Keywords: Household decision making; Risk; Field experiment; China;

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References

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  1. André de Palma & Nathalie Picard & Anthony Ziegelmeyer, 2008. "Individual and Couple Decision Behavior under Risk: The Power of Ultimate Control," Papers on Strategic Interaction 2006-22, Max Planck Institute of Economics, Strategic Interaction Group.
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Citations

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Cited by:
  1. Haoran He & Peter Martinsson & Matthias Sutter, 2011. "Group Decision Making Under Risk: An Experiment with Student Couples," Working Papers 2011-27, Faculty of Economics and Statistics, University of Innsbruck.
  2. Carlsson, Fredrik & He, Haoran & Martinsson, Peter & Qin, Ping & Sutter, Matthias, 2012. "Household decision making in rural China: Using experiments to estimate the influences of spouses," Journal of Economic Behavior & Organization, Elsevier, vol. 84(2), pages 525-536.
  3. Alistair Munro & Danail Popov, 2013. "A portmanteau experiment on the relevance of individual decision anomalies for households," Experimental Economics, Springer, vol. 16(3), pages 335-348, September.
  4. Alistair Munro & Bereket Kebede & Marcela Tarazona-Gomez & Arjan Verschoor, . "Autonomy or efficiency: An experiment on household decisions in two regions of India," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 11-02, School of Economics, University of East Anglia, Norwich, UK..
  5. Miriam Beblo & Denis Beninger, 2012. "Do husbands and wives pool their incomes? Experimental evidence," Working Papers of BETA 2012-10, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  6. Paolo Crosetto & Antonio Filippin & Janna Heider, 2013. "A Study of Outcome Reporting Bias Using Gender Differences in Risk Attitudes," CESifo Working Paper Series 4466, CESifo Group Munich.

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