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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
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