Replication data for: Do Risk Preferences Change? Evidence from the Great East Japan Earthquake

Principal Investigator(s): View help for Principal Investigator(s) Chie Hanaoka; Hitoshi Shigeoka; Yasutora Watanabe

Version: View help for Version V1

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Project Citation:

Hanaoka, Chie, Shigeoka, Hitoshi, and Watanabe, Yasutora. Replication data for: Do Risk Preferences Change? Evidence from the Great East Japan Earthquake. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113715V1

Project Description

Summary: We investigate whether individuals' risk preferences change after experiencing a natural disaster, specifically, the 2011 Great East Japan Earthquake. Exploiting the panels of nationally representative surveys on risk preferences, we find that men who experienced greater intensity of the earthquake became more risk tolerant a year after the Earthquake. Interestingly, the effects on men's risk preferences are persistent even five years after the Earthquake at almost the same magnitude as those shortly after the Earthquake. Furthermore, these men gamble more, which is consistent with the direction of changes in risk preferences. We find no such pattern for women.

Scope of Project

JEL Classification:
      D12 Consumer Economics: Empirical Analysis
      D81 Criteria for Decision-Making under Risk and Uncertainty
      J16 Economics of Gender; Non-labor Discrimination
      Q54 Climate; Natural Disasters and Their Management; Global Warming

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V1 [2019-10-12]

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