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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...
Persistent link: https://www.econbiz.de/10005070428
This paper provides an overview of the evolution of income inequality in China from 1987 to 2002, employing three … series of data sets. Our focus is on both urban and rural inequality, as well as the urban-rural gap, with the objective of … summarizing several “first-order” empirical patterns concerning the trajectory of inequality through the reform period. We …
Persistent link: https://www.econbiz.de/10005827274