Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259464 
Year of Publication: 
2021
Citation: 
[Journal:] Latin American Economic Review [ISSN:] 2196-436X [Volume:] 30 [Issue:] 1 [Article No.:] 6 [Publisher:] Centro de Investigación y Docencia Económica (CIDE) [Place:] Ciudad de México [Year:] 2021 [Pages:] 1-19
Publisher: 
Centro de Investigación y Docencia Económica (CIDE), Ciudad de México
Abstract: 
We provide empirical evidence supporting a causal link between education and risk attitudes when using representative data from representative surveys and artefactual or lab-on-the-field experiments in Lima, Peru. We employ three standard experimental measures of risk attitudes and find that each is positively correlated with years of education. Furthermore, we suggest that this relationship may be causal as we take advantage of an identification strategy that exploits an exogenous boom in the construction of new schools in Lima, providing evidence that more education may increase risk attitudes. Our findings are further confirmed when applying a broad set of robustness tests.
Subjects: 
Experiments
Surveys
Risk Attitudes
Education
Latin America
JEL: 
D01
O12
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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