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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
Although urban China has experienced spectacular income growth over the last two decades, increases in inequality … change in income, inequality, and poverty over the 15 year period and investigates the determinants of poverty. It is found …
Persistent link: https://www.econbiz.de/10005822037