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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
Though much has been written about annual income inequality in China, little research has been conducted on longer run … measures of income inequality and on income mobility. This paper compares income mobility of urban individuals in China and the … United States in the 1990s. The following questions are taken up. To what extent are measures of annual income inequality …
Persistent link: https://www.econbiz.de/10005703814
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