Abstract

https://ssrn.com/abstract=2671903
 


 



Adult Education and Risk Attitudes


Alberto Chong


Andrew Young School of Policy Studies, Department of Economics

Joan J Martinez


October 1, 2015

Andrew Young School of Policy Studies Research Paper Series No. 15-07

Abstract:     
We provide empirical evidence that supports a causal link from education to risk attitudes when using representative data from surveys and artefactual experiments in Lima, Peru. On the one hand, when using three standard experimental measures of risk attitudes we find that they are positively correlated with years of education. On the other hand, we claim that this relationship is causal by taking advantage of an identification strategy that exploits an exogenous boom in construction of new schools in Lima, which allows us to provide evidence that shows that more education increases risk attitudes.

Number of Pages in PDF File: 31

Keywords: Experiments, surveys, risk attitudes, education, Latin America

JEL Classification: D01, O12


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Date posted: October 11, 2015  

Suggested Citation

Chong, Alberto and Martinez, Joan J, Adult Education and Risk Attitudes (October 1, 2015). Andrew Young School of Policy Studies Research Paper Series No. 15-07. Available at SSRN: https://ssrn.com/abstract=2671903

Contact Information

Alberto Chong (Contact Author)
Andrew Young School of Policy Studies, Department of Economics ( email )
P.O. Box 3992
Atlanta, GA 30302-3992
United States

No contact information is available for Joan J Martinez
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