High Sex Ratios and Household Portfolio Choice in China

Wenchao Li, Changcheng Song, Shu Xu and Junjian Yi

Journal of Human Resources, 2022, vol. 57, issue 2, 465-490

Abstract: This work examines how high sex ratios (more men than women) affect household portfolio choice. Using data from a nationally representative Chinese household finance survey, we find that a one standard deviation increase in the sex ratio would raise the stock market participation rate by 2.9 percentage points, or 52.2 percent, for families with a son relative to families with a daughter. Our estimates imply that rising sex ratios explain around 10 percent of the significant growth in China’s stock market size in recent decades.

JEL-codes: D1 D91 G11 (search for similar items in EconPapers)
Date: 2022
Note: DOI: 10.3368/jhr.57.2.1217-9245R2
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:57:y:2022:i:2:p:465-490

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