Collective risk taking by couples: individual vs household risk

Jiakun Zheng, Helene Couprie and Astrid Hopfensitz

MPRA Paper from University Library of Munich, Germany

Abstract: 101 real couples participated in a controlled experimental risk taking task involving variations in household and individuals’ income risks, but controlling for ex-ante income inequal- ity. Our design disentangles the effect of household risk, of intra-household risk inequality and of ex-post pay-off inequality. We find that most couples (about 79%) did pool their risk at the household level when risks were borne symmetrically but a significant proportion of couples (about 36%) failed to do so when individual risks were borne asymmetrically. Furthermore, we find that intra-household risk inequality has a larger impact on non-married couples than married ones.

Keywords: Experiment; Income pooling; Household risk taking; Inequality (search for similar items in EconPapers)
JEL-codes: C91 C92 D19 D81 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-exp, nep-rmg and nep-upt
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Related works:
Working Paper: Collective risk-taking by couples: Individual vs household risk (2025)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116537

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