Saving for Dowry

• Tác giả: S Anukriti
• Ngôn ngữ: eng
• Ký hiệu phân loại: 306.82 Patterns in mate selection
• Thông tin xuất bản: World Bank, Washington, DC, 2020
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 296067
• Chủ đề: 1. DOWRY; 2. LABOR SUPPLY; 3. MARRIAGE AGE; 4. MARRIAGE PAYMENT; 5. SAVINGS

Tóm tắt

 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.