Peer effects in risk aversion

Balsa, Ana Inés; Gandelman, Néstor; González, Nicolás

dc.rights.license	Attribution-NonCommercial-NoDerivatives 4.0 Internacional	*
dc.contributor.author	Balsa, Ana Inés
dc.contributor.author	Gandelman, Néstor
dc.contributor.author	González, Nicolás
dc.date.accessioned	2022-04-01T16:38:09Z
dc.date.available	2022-04-01T16:38:09Z
dc.date.issued	2012	es
dc.identifier.uri	https://hdl.handle.net/20.500.12806/1322
dc.description.abstract	Using data onUruguayan adolescents, we estimate peer effects in risk attitudes. Relative risk aversion is elicited in an experimental setting. Identification is based on parents not being able to choose the class within the school of their choice. After controlling for school-grade fixed effect andaddressingendogeneity due to simultaneity, we finda significant and quantitative large impact of peers on individuals risk aversion. An increase in one standard deviation of the group risk aversion produces anincrease in 44-64% on an individual risk aversion. These findings enhance the importance of multiplicative effects related to risk behavior.	es
dc.format.extent	26 p.	es
dc.format.mimetype	application/pdf	es
dc.language	eng	es
dc.publisher	Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía	es
dc.relation.ispartof	Documentos de trabajo del Departamento de Economía; UM_CEE_2012_05	es
dc.rights	Abierto	es
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Risk aversion	es
dc.subject	Peer effects	es
dc.subject	Instrumental variables	es
dc.title	Peer effects in risk aversion	es
dc.type	Documento de trabajo	es
dc.contributor.filiacion	Balsa, Ana Inés. Universidad de Montevideo, Uruguay	es
dc.contributor.filiacion	Gandelman, Néstor. Universidad ORT, Uruguay	es
dc.contributor.filiacion	González, Nicolás. Universidad de Montevideo, Uruguay	es
dc.type.version	Publicada	es