When members of the same household have different risk preferences, whose preference matters more for investment decisions and why? We propose an intrahousehold model that aggregates individual preferences at the household level as a result of bargaining. We structurally estimate the model, analyze the determinants of bargaining power, and find a significant gender gap. Gender differences in individual characteristics, as well as gender effects, partially explain the gap. These patterns hold broadly across Australia, Germany, and the United States. We further link the distribution of bargaining power to households' perceived gender norms in a cross-sectional analysis. (JEL G11, G41, G50)
机构:
Univ Haifa, Fac Management, Dept Nat Resource & Environm Management, IL-3498838 Haifa, Israel
Univ Haifa, NRERC, IL-3498838 Haifa, IsraelUniv Haifa, Fac Management, Dept Nat Resource & Environm Management, IL-3498838 Haifa, Israel
Elimelech, Efrat
Ert, Eyal
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Hebrew Univ Jerusalem, Robert H Smith Fac Agr Food & Environm, Dept Environm Econ & Management, IL-76100 Rehovot, Israel
Hebrew Univ Jerusalem, Robert H Smith Fac Agr Food & Environm, Ctr Agr Econ Res, IL-76100 Rehovot, IsraelUniv Haifa, Fac Management, Dept Nat Resource & Environm Management, IL-3498838 Haifa, Israel
Ert, Eyal
Ayalon, Ofira
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Univ Haifa, Fac Management, Dept Nat Resource & Environm Management, IL-3498838 Haifa, Israel
Univ Haifa, NRERC, IL-3498838 Haifa, IsraelUniv Haifa, Fac Management, Dept Nat Resource & Environm Management, IL-3498838 Haifa, Israel
机构:
Providence Coll, Arthur F Patricia Ryan Ctr Business Studies, Mkt, 1 Cunningham Sq, Providence, RI 02918 USAProvidence Coll, Arthur F Patricia Ryan Ctr Business Studies, Mkt, 1 Cunningham Sq, Providence, RI 02918 USA
Newman, Kevin P. P.
Trump, Rebecca K. K.
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Loyola Univ Maryland, Sellinger Sch Business & Management, Mkt, Baltimore, MD USAProvidence Coll, Arthur F Patricia Ryan Ctr Business Studies, Mkt, 1 Cunningham Sq, Providence, RI 02918 USA
机构:
Nanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R ChinaNanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R China
Cheng, Xiu
Zhang, Linling
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Nanjing Univ Finance & Econ, Sch Publ Finance & Taxat, Nanjing 210023, Peoples R ChinaNanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R China
Zhang, Linling
Li, Wenbo
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Jiangsu Normal Univ, Business Sch, Xuzhou 22116, Jiangsu, Peoples R ChinaNanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R China
Li, Wenbo
Long, Ruyin
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Jiangnan Univ, Sch Business, Wuxi 214122, Jiangsu, Peoples R ChinaNanjing Forestry Univ, Coll Econ & Management, Nanjing 210037, Peoples R China