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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
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
Although urban China has experienced a rapid income growth over the last twenty years, nutrition intake for the low income group declined in the 1990s. Does this imply a zero or negative income elasticity for the low income group? This paper examines this issue using large representative sample...
Persistent link: https://www.econbiz.de/10005762136