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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
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