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Saving for Dowry : Evidence from Rural India (Английский)

The ancient custom of dowry, that is, bride-to-groom marriage payments, remains ubiquitous in many contemporary societies. This paper examines whether dowry impacted household decision making and resource allocation in rural India during 1986-2007. Utilizing variation in firstborn gender and dowry amounts across marriage markets, the paper finds that the prospect of higher dowry payments at the time of a daughter~^!!^s marriage leads parents to save more in advance. The higher savings are primarily financed through increased paternal labor supply. This implies that people are farsighted; they work and save more today with payoff in the distant future.

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  • Автор

    S Anukriti;Lnu,Anukriti, Kwon,Sungoh, Prakash,Nishith

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  • Тип документа

    Рабочий документ в рамках исследования вопросов политики

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  • Регион

    Южная Азия,

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  • Название документа

    Saving for Dowry : Evidence from Rural India

  • Ключевые слова

    development research group; marriage market; minimum age at marriage; international crops research; Below the Poverty Line; rural south; limited access to bank; female labor force participation; years of schooling; number of daughters; form of saving; household saving; families due; extremely poor household; nationally representative survey; household consumption expenditure; preventive health care; primarily due; negative income shock; number of girls; department of economics; total consumption expenditure; permanent income model; institution of marriage; consumer price index; asset and liability; panel data set; data on marriage; standard of living; price of gold; changes in fertility; discrimination against girl; poverty does; per capita basis; labor supply; saving behavior; high fertility; sex-selective abortion; robustness check; marriage payments; sex ratio; formal saving; cash saving; random walk; Durable goods; small sample; collected data; several years; birth order; causal impact; household level; indian context; annual saving; measurement error; household size; low saving; fertility behavior; standard error; stopping rules; average household; household income; behavioral biases; ancient custom; saving motive; demographic variables; household use; static expectation; conceptual framework; household survey; rational expectation; consumption smoothing; insurance market; Learning and Innovation Credit; 0 hypothesis; nuclear family; weighted average; adaptive expectation; census data; joint family; Land Ownership; reasonable assumption; female head; household head; survey household; raw data; real value; household behavior; low education; household expenditure; saving rate; summary statistic; large families; old age; family size; survey questions; economic prosperity; study period; female inheritance; wealth inequality; household data; birth history; live birth; child death; child's age; girl child; Infant Mortality; gold price; gender neutral; in family; literature review; scatter plot; linear prediction; survey data; sample period; missing data; sample mean; religious group; sample household; market investment; incomplete data; explanatory variable; savings portfolio; demographic information; commercial bank; private bank; chit fund; self-help group; stock market; mutual fund; life insurance; public finance; greater access; binding constraint; recent years; income constraint; exogenous shock; knowledge gap; empirical evidence; good information; human rights; Public Facilities; previous work; empirical research; development policy; time allocation; precious metal; cultural institution; open access; low consumption; increased income; male relative

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