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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w26352 |
来源ID | Working Paper 26352 |
Long-Term Consequences of Growing up in a Recession on Risk Preferences | |
Hitoshi Shigeoka | |
发表日期 | 2019-10-07 |
出版年 | 2019 |
语种 | 英语 |
摘要 | Risk preferences play a fundamental role in individuals’ economic decision-making. We examine whether the historical macroeconomic environment shapes individuals’ willingness to take risks. Using nationally representative samples from Japan and exploiting regional variation in economic conditions, we find that men who experienced severe economic conditions in youth are more risk averse in adulthood and the effect is long-lasting. In addition, those men are less likely to be self-employed and they have longer tenure, which are consistent with elevated risk aversion. This study highlights the importance of experience at a critical period of life on the formation of risk preferences. |
主题 | Microeconomics ; Economics of Information ; Labor Economics ; Labor Supply and Demand ; Other ; Culture |
URL | https://www.nber.org/papers/w26352 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584023 |
推荐引用方式 GB/T 7714 | Hitoshi Shigeoka. Long-Term Consequences of Growing up in a Recession on Risk Preferences. 2019. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w26352.pdf(769KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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