在竞争激烈的婚姻市场中，父母的战略性投资

IF 2.8 2区经济学 Q1 ECONOMICS

European Economic Review Pub Date : 2025-01-23 DOI:10.1016/j.euroecorev.2025.104958

V. Bhaskar , Wenchao Li , Junjian Yi

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引用次数: 0

摘要

我们研究了中国男性偏向的地方性别比例对父母对男孩和女孩的投资差异的影响。相对于头胎女孩的父母，头胎男孩的父母随着当地性别比中的男性偏见上升，增加了劳动力供给和迁移，改变了投资构成：增加了住房投资，减少了教育投资。这些发现为婚前投资的理论模型提供了支持，即在婚姻市场上供应过剩的男性在结婚时无法承诺分享未来的劳动收入，这使得住房成为更可信的承诺工具。我们还讨论了可能与经验证据一致的其他解释。我们的实证策略采用了一种新的本地性别比例工具。

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Strategic parental investments in a competitive marriage market

We examine the effect of a more male-biased local sex ratio on the difference between parental investments in boys and in girls in China. Relative to parents with a first-born girl, parents of a first-born boy increase labor supply and migration as the male bias in the local sex ratio rises, and they change their investment composition: they increase housing investment while reducing educational investment. These findings provide support for a theoretical model of premarital investments, where men who are in excess supply on the marriage market, are unable to commit to sharing future labor income at the time of marriage, making housing a more credible commitment device. We also discuss alternative explanations that may align with the empirical evidence. Our empirical strategy employs a novel instrument for the local sex ratio.

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来源期刊

European Economic Review ECONOMICS-

CiteScore

4.70

自引率

3.60%

发文量

170

期刊介绍： The European Economic Review (EER) started publishing in 1969 as the first research journal specifically aiming to contribute to the development and application of economics as a science in Europe. As a broad-based professional and international journal, the EER welcomes submissions of applied and theoretical research papers in all fields of economics. The aim of the EER is to contribute to the development of the science of economics and its applications, as well as to improve communication between academic researchers, teachers and policy makers across the European continent and beyond.