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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
Many economic decisions are made jointly within households. This raises the question about spouses' relative influence on joint decisions and the determinants of relative influence. Using a controlled experiment (on inter-temporal choice), we let each spouse first make individual decisions and...
Persistent link: https://www.econbiz.de/10008466474
differences of average wages among major industry groups parallels increases in wage and income inequality not only between rural … sector has “caused” growing wage inequality; and (2b) how residual government control in a few industrial sectors has … contributed to wage inequality due monopoly rent sharing. We show that the industrial wage dispersion in China has evolved to …
Persistent link: https://www.econbiz.de/10009225771
The impact of socio-economic status on health has been widely recognized, but the independent impact of social status … alone on health remains inconclusive. We approach this challenge by exploiting a natural experiment in which subjects … immortal-time bias in favor of academicians and 2) the endogenous relationship between health and social status, we find that …
Persistent link: https://www.econbiz.de/10010751646