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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
families in rural China. This paper asks how participation is affected by elder parent health. We find that younger adults are … less likely to work as migrants when a parent is ill. Poor elder parent health has less impact on the probability of …
Persistent link: https://www.econbiz.de/10005822779