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Peer effects in risk aversion

dc.rights.licenseAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.contributor.authorBalsa, Ana Inés
dc.contributor.authorGandelman, Néstor
dc.contributor.authorGonzález, Nicolás
dc.date.accessioned2022-04-01T16:38:09Z
dc.date.available2022-04-01T16:38:09Z
dc.date.issued2012es
dc.identifier.urihttps://hdl.handle.net/20.500.12806/1322
dc.description.abstractUsing 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.extent26 p.es
dc.format.mimetypeapplication/pdfes
dc.languageenges
dc.publisherUniversidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economíaes
dc.relation.ispartofDocumentos de trabajo del Departamento de Economía; UM_CEE_2012_05es
dc.rightsAbiertoes
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectRisk aversiones
dc.subjectPeer effectses
dc.subjectInstrumental variableses
dc.titlePeer effects in risk aversiones
dc.typeDocumento de trabajoes
dc.contributor.filiacionBalsa, Ana Inés. Universidad de Montevideo, Uruguayes
dc.contributor.filiacionGandelman, Néstor. Universidad ORT, Uruguayes
dc.contributor.filiacionGonzález, Nicolás. Universidad de Montevideo, Uruguayes
dc.type.versionPublicadaes

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Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internacional