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/lp/university-of-wisconsin-press/high-sex-ratios-and-household-portfolio-choice-in-china-YG6t970jGi
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- Publisher
- University of Wisconsin Press
- Copyright
- Copyright © Board of Regents of the University of Wisconsin System
- ISSN
- 1548-8004
Abstract
<p>ABSTRACT:</p><p>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.</p>
Journal
Journal of Human Resources – University of Wisconsin Press
Published: Mar 3, 2022