TY - JOUR T1 - High Sex Ratios and Household Portfolio Choice in China JF - Journal of Human Resources JO - J Hum Resour SP - 465 LP - 490 DO - 10.3368/jhr.57.2.1217-9245R2 VL - 57 IS - 2 AU - Wenchao Li AU - Changcheng Song AU - Shu Xu AU - Junjian Yi Y1 - 2022/03/01 UR - http://jhr.uwpress.org/content/57/2/465.abstract N2 - This work examines 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 one 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. ER -