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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
The paper contributes to the measurement of poverty and vulnerability in three ways. First, we propose a new approach to separating poverty into chronic and transient components. Second, we provide corrections for the statistical biases introduced when using a small number of periods to estimate...
Persistent link: https://www.econbiz.de/10005763836
This paper provides an overview of the evolution of income inequality and poverty in China from 1987 to 2002 …, documenting significant increases of inequality within China's urban and rural populations. In rural areas, increased inequality …. In urban areas, the declining role of subsidies and entitlements, the increase in wage inequality, and the layoffs during …
Persistent link: https://www.econbiz.de/10005696363