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Mine, yours or ours? The efficiency of household investment decisions : an experimental approach
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Mani, Anandi (2011) Mine, yours or ours? The efficiency of household investment decisions : an experimental approach. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2011 (Number 64).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
We conduct an experiment to measure the relative importance of key factors that influence the efficiency of household investment decisions. We find that, both for men and women, their spouse's access to information does not affect efficiency. However, they are willing to sacrifice much efficiency for greater personal control over household income. Intriguingly, even when spouses' control over household income is exogenously assigned, inefficiency persists: As a wife's assigned share increases, husbands undercut their own income to reduce hers. This self-destructive and spiteful behavior is best explained by non-economic factors such as identity, seldom emphasized in mainstream household economic models.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
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Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Households -- India, Spouses -- India, Cost and standard of living -- India, Investments -- India | ||||
Series Name: | CAGE Online Working Paper Series | ||||
Publisher: | Department of Economics, University of Warwick | ||||
Place of Publication: | Coventry, UK | ||||
Official Date: | August 2011 | ||||
Dates: |
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Volume: | Volume 2011 | ||||
Number: | Number 64 | ||||
Number of Pages: | 45 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Date of first compliant deposit: | 28 July 2016 | ||||
Date of first compliant Open Access: | 28 July 2016 |
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Mine, your or ours? : the efficiency of household investment decisions : an experimental approach. (deposited 04 Aug 2008 16:27)
- Mine, yours or ours? The efficiency of household investment decisions : an experimental approach. (deposited 06 Nov 2013 14:21) [Currently Displayed]
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