Influence and choice shifts in households: An experimental investigation

Xiaojun Yang and Fredrik Carlsson

Journal of Economic Psychology, 2016, vol. 53, issue C, 54-66

Abstract: In this paper, we examine the relative influence of individual decisions on joint household decisions, and whether and to what extent joint choices are more or less patient than individual choices in households. We find that both spouses have a significant influence on joint decisions, whereas husbands on average have a stronger influence than wives. Moreover, we find a substantial share of choice shifts from individual to joint household decisions, i.e. joint decisions are either more patient or more impatient than both individual choices. A number of observable characteristics are significantly correlated with these shifts in preferences from individual decisions to joint decisions.

Keywords: Individual decisions; Joint decisions; Patience; Choice shifts; Rural China (search for similar items in EconPapers)
JEL-codes: C91 C92 C93 D10 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:53:y:2016:i:c:p:54-66

DOI: 10.1016/j.joep.2015.11.002

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