Year: 2020
Type: article
Study design: Observational Study
Abstract: This paper studies 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 1 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.
Source: The Journal of Human Resources
Authors: Wenchao Li, Changcheng Song, Shu Xu, Junjian Yi
Language: English
Subfield: Accounting
Domain: Social Sciences
SDG: Reduced inequalities
Open Access status: hybrid
OpenAlex ID: W3000663289