Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/216396
Authors: 
Beine, Michel
Charness, Gary
Dupuy, Arnaud
Joxhe, Majlinda
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13084
Abstract: 
We conduct a survey and incentivized lab-in-the-field experimental tasks in Tirana, Albania. While the original purpose of our study was to examine whether and how deep parameters such as time and risk preferences affect the intention to migrate, our study was transformed into a natural experiment owing to two large earthquakes that shook the Tirana area during our data-collection period. These events provide us with a rare opportunity to gather evidence (including a preearthquake control) on the effect of natural disasters on time and risk preferences. We find unambiguous effects towards more risk aversion and impatience for affected individuals. Moreover, as it turns out, the second earthquake amplified the effect of the first one, suggesting that experiences cumulate in their influence on these preferences.
Subjects: 
time preferences
risk preferences
natural disaster
Albania
migration
JEL: 
B49
C90
D91
F22
Document Type: 
Working Paper

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