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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
differences of average wages among major industry groups parallels increases in wage and income inequality not only between rural … sector has “caused” growing wage inequality; and (2b) how residual government control in a few industrial sectors has … contributed to wage inequality due monopoly rent sharing. We show that the industrial wage dispersion in China has evolved to …
Persistent link: https://www.econbiz.de/10009225771
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
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