PT - JOURNAL ARTICLE AU - Wenchao Li AU - Changcheng Song AU - Shu Xu AU - Junjian Yi TI - High Sex Ratios and Household Portfolio Choice in China AID - 10.3368/jhr.57.2.1217-9245R2 DP - 2022 Mar 01 TA - Journal of Human Resources PG - 465--490 VI - 57 IP - 2 4099 - http://jhr.uwpress.org/content/57/2/465.short 4100 - http://jhr.uwpress.org/content/57/2/465.full SO - J Hum Resour2022 Mar 01; 57 AB - 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.