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Risk Attitudes and Conflict in the Household.
- Source :
- Economic Journal; Feb2022, Vol. 132 Issue 642, p767-795, 29p, 7 Charts, 4 Graphs
- Publication Year :
- 2022
-
Abstract
- Risk attitudes determine decision making by individuals. Theoretically, heterogeneity in risk attitudes also affects household behaviour, increasing or decreasing marital instability, depending on whether households benefit primarily from sharing public goods or risk. Using a nationally representative sample with repeated measurements of risk attitudes, this paper shows that intrahousehold heterogeneity in risk attitudes is an economically and statistically significant predictor of future marital instability. Consistent with models of public good sharing, preference heterogeneity is associated with less public good sharing. Furthermore, risk attitudes converge within stable households over time. These findings highlight the empirical relevance of risk attitudes in explaining household behaviour. [ABSTRACT FROM AUTHOR]
- Subjects :
- HOUSEHOLDS
ATTITUDE (Psychology)
PUBLIC goods
COMMON good
Subjects
Details
- Language :
- English
- ISSN :
- 00130133
- Volume :
- 132
- Issue :
- 642
- Database :
- Complementary Index
- Journal :
- Economic Journal
- Publication Type :
- Academic Journal
- Accession number :
- 155493253
- Full Text :
- https://doi.org/10.1093/ej/ueab054