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Influence and choice shifts in households: An experimental investigation

Listed author(s):
  • Yang, Xiaojun
  • Carlsson, Fredrik

In this paper, we examine the relative influence of individual decisions on joint household decisions, and whether and to what extent joint choices are more or less patient than individual choices in households. We find that both spouses have a significant influence on joint decisions, whereas husbands on average have a stronger influence than wives. Moreover, we find a substantial share of choice shifts from individual to joint household decisions, i.e. joint decisions are either more patient or more impatient than both individual choices. A number of observable characteristics are significantly correlated with these shifts in preferences from individual decisions to joint decisions.

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File URL: http://www.sciencedirect.com/science/article/pii/S0167487015001373
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Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 53 (2016)
Issue (Month): C ()
Pages: 54-66

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Handle: RePEc:eee:joepsy:v:53:y:2016:i:c:p:54-66
DOI: 10.1016/j.joep.2015.11.002
Contact details of provider: Web page: http://www.elsevier.com/locate/joep

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