Munich Personal RePEc Archive

Collective risk taking by couples: individual vs household risk

Zheng, Jiakun and Couprie, Helene and Hopfensitz, Astrid (2022): Collective risk taking by couples: individual vs household risk.

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101 real couples participated in a controlled experimental risk taking task involving variations in household and individuals’ income risks, but controlling for ex-ante income inequal- ity. Our design disentangles the effect of household risk, of intra-household risk inequality and of ex-post pay-off inequality. We find that most couples (about 79%) did pool their risk at the household level when risks were borne symmetrically but a significant proportion of couples (about 36%) failed to do so when individual risks were borne asymmetrically. Furthermore, we find that intra-household risk inequality has a larger impact on non-married couples than married ones.

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