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来源类型Working Paper
规范类型报告
DOI10.3386/w23181
来源IDWorking Paper 23181
Impact of Violent Crime on Risk Aversion: Evidence from the Mexican Drug War
Ryan Brown; Verónica Montalva; Duncan Thomas; Andrea Velásquez
发表日期2017-02-20
出版年2017
语种英语
摘要Whereas attitudes towards risk are thought to play an important role in many decisions over the life-course, factors that affect those attitudes are not fully understood. Using longitudinal survey data collected in Mexico before and during the Mexican war on drugs, we investigate how an individual’s risk attitudes change with variation in levels of insecurity and uncertainty brought on by unprecedented changes in local-area violent crime due to the war on drugs. Exploiting the fact that the timing, virulence and spatial distribution of changes in violent crime were unanticipated, we establish the changes can plausibly be treated as exogenous in models that also take into account unobserved characteristics of individuals that are fixed over time. As local-area violent crime increases, there is a rise in risk aversion that is distributed through the entire local population.
主题Microeconomics ; Economics of Information ; Health, Education, and Welfare ; Poverty and Wellbeing ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w23181
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/580854
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Ryan Brown,Verónica Montalva,Duncan Thomas,et al. Impact of Violent Crime on Risk Aversion: Evidence from the Mexican Drug War. 2017.
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