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:
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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:
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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
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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