High Sex Ratios and Household Portfolio Choice in China

被引：18
|
作者：
Li, Wenchao [1 ]
Song, Changcheng [2 ]
Xu, Shu [3 ]
Yi, Junjian [4 ,5 ]
机构：
[1] Shanghai Int Studies Univ, Sch Business & Management, Shanghai, Peoples R China
[2] Singapore Management Univ, Lee Kong Chian Sch Business, Finance, Singapore, Singapore
[3] Southwestern Univ Finance & Econ, Sch Econ, Chengdu, Peoples R China
[4] Peking Univ, Natl Sch Dev, Beijing, Peoples R China
[5] Chinese Univ Hong Kong, Dept Econ, Hong Kong, Peoples R China
来源：
JOURNAL OF HUMAN RESOURCES | 2022年 / 57卷 / 02期
基金：
中国国家自然科学基金;
关键词：
LIFE-CYCLE; CONSUMPTION; ATTITUDES; MARRIAGE; LABOR; ALLOCATION; MARKETS; GENDER; WEALTH; DOWRY;
D O I：
10.3368/jhr.57.2.1217-9245R2
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：465 / 490
页数：27
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