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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 uses both subjective well-being and survey experimental data to analyze how people's positional concerns regarding income and goods vary with age. The subjective well-being approach is mainly based on German panel data for the period 1984-2009 (German Socio-Economic Panel), while the...
Persistent link: https://www.econbiz.de/10009646308
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 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