Peer effects in risk aversion
Resumen:
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.
| 2012 | |
|
Risk aversion Peer effects Instrumental variables |
|
| Inglés | |
| Universidad de Montevideo | |
| REDUM | |
| https://hdl.handle.net/20.500.12806/1322 | |
| Acceso abierto | |
| Attribution-NonCommercial-NoDerivatives 4.0 Internacional |
| _version_ | 1807356682672537600 |
|---|---|
| author | Balsa, Ana Inés |
| author2 | Gandelman, Néstor González, Nicolás |
| author2_role | author author |
| author_facet | Balsa, Ana Inés Gandelman, Néstor González, Nicolás |
| author_role | author |
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| bitstream.checksumAlgorithm.fl_str_mv | MD5 MD5 MD5 MD5 MD5 |
| bitstream.url.fl_str_mv | http://redum.um.edu.uy/bitstream/20.500.12806/1322/1/working_paper_um_cee_2012_05.pdf http://redum.um.edu.uy/bitstream/20.500.12806/1322/2/license_rdf http://redum.um.edu.uy/bitstream/20.500.12806/1322/3/license.txt http://redum.um.edu.uy/bitstream/20.500.12806/1322/4/working_paper_um_cee_2012_05.pdf.txt http://redum.um.edu.uy/bitstream/20.500.12806/1322/5/working_paper_um_cee_2012_05.pdf.jpg |
| collection | REDUM |
| dc.contributor.filiacion.es.fl_str_mv | Balsa, Ana Inés. Universidad de Montevideo, Uruguay Gandelman, Néstor. Universidad ORT, Uruguay González, Nicolás. Universidad de Montevideo, Uruguay |
| dc.creator.none.fl_str_mv | Balsa, Ana Inés Gandelman, Néstor González, Nicolás |
| dc.date.accessioned.none.fl_str_mv | 2022-04-01T16:38:09Z |
| dc.date.available.none.fl_str_mv | 2022-04-01T16:38:09Z |
| dc.date.issued.es.fl_str_mv | 2012 |
| dc.description.abstract.none.fl_txt_mv | 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. |
| dc.format.extent.es.fl_str_mv | 26 p. |
| dc.format.mimetype.es.fl_str_mv | application/pdf |
| dc.identifier.uri.none.fl_str_mv | https://hdl.handle.net/20.500.12806/1322 |
| dc.language.iso.none.fl_str_mv | eng |
| dc.publisher.es.fl_str_mv | Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía |
| dc.relation.ispartof.es.fl_str_mv | Documentos de trabajo del Departamento de Economía; UM_CEE_2012_05 |
| dc.rights.es.fl_str_mv | Abierto |
| dc.rights.license.none.fl_str_mv | Attribution-NonCommercial-NoDerivatives 4.0 Internacional |
| dc.rights.none.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.rights.uri.*.fl_str_mv | http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| dc.source.none.fl_str_mv | reponame:REDUM instname:Universidad de Montevideo instacron:Universidad de Montevideo |
| dc.subject.es.fl_str_mv | Risk aversion Peer effects Instrumental variables |
| dc.title.none.fl_str_mv | Peer effects in risk aversion |
| dc.type.es.fl_str_mv | Documento de trabajo |
| dc.type.none.fl_str_mv | info:eu-repo/semantics/workingPaper |
| dc.type.version.es.fl_str_mv | Publicada |
| dc.type.version.none.fl_str_mv | info:eu-repo/semantics/publishedVersion |
| description | 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. |
| eu_rights_str_mv | openAccess |
| format | workingPaper |
| id | REDUM_bcf3d43328d0d8746c21af353d7c9469 |
| instacron_str | Universidad de Montevideo |
| institution | Universidad de Montevideo |
| instname_str | Universidad de Montevideo |
| language | eng |
| network_acronym_str | REDUM |
| network_name_str | REDUM |
| oai_identifier_str | oai:redum.um.edu.uy:20.500.12806/1322 |
| publishDate | 2012 |
| reponame_str | REDUM |
| repository.mail.fl_str_mv | nolascoaga@um.edu.uy |
| repository.name.fl_str_mv | REDUM - Universidad de Montevideo |
| repository_id_str | 10501 |
| rights_invalid_str_mv | Attribution-NonCommercial-NoDerivatives 4.0 Internacional Abierto http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| spelling | Attribution-NonCommercial-NoDerivatives 4.0 InternacionalAbiertohttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccess16b83a11-57bb-434e-8c04-df7fbe5ff1e8bb332d3c-9724-4492-8867-c8074bfdd545b3184f36-607b-41fd-8e1a-7c284af338a3Balsa, Ana Inés. Universidad de Montevideo, UruguayGandelman, Néstor. Universidad ORT, UruguayGonzález, Nicolás. Universidad de Montevideo, Uruguay2022-04-01T16:38:09Z2022-04-01T16:38:09Z2012https://hdl.handle.net/20.500.12806/1322Using 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.26 p.application/pdfengUniversidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de EconomíaDocumentos de trabajo del Departamento de Economía; UM_CEE_2012_05Risk aversionPeer effectsInstrumental variablesPeer effects in risk aversionDocumento de trabajoPublicadainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/workingPaperreponame:REDUMinstname:Universidad de Montevideoinstacron:Universidad de MontevideoBalsa, Ana InésGandelman, NéstorGonzález, NicolásORIGINALworking_paper_um_cee_2012_05.pdfworking_paper_um_cee_2012_05.pdfapplication/pdf1012762http://redum.um.edu.uy/bitstream/20.500.12806/1322/1/working_paper_um_cee_2012_05.pdf267734bce554c9135b77a13fb4c2d83aMD51CC-LICENSElicense_rdflicense_rdfapplication/rdf+xml; charset=utf-8805http://redum.um.edu.uy/bitstream/20.500.12806/1322/2/license_rdf4460e5956bc1d1639be9ae6146a50347MD52LICENSElicense.txtlicense.txttext/plain; charset=utf-82117http://redum.um.edu.uy/bitstream/20.500.12806/1322/3/license.txt691ed290c8bf8671811a9242b7fc04b6MD53TEXTworking_paper_um_cee_2012_05.pdf.txtworking_paper_um_cee_2012_05.pdf.txtExtracted texttext/plain55130http://redum.um.edu.uy/bitstream/20.500.12806/1322/4/working_paper_um_cee_2012_05.pdf.txt02edd50578d8399fd743a2728c75948aMD54THUMBNAILworking_paper_um_cee_2012_05.pdf.jpgworking_paper_um_cee_2012_05.pdf.jpgGenerated Thumbnailimage/jpeg1407http://redum.um.edu.uy/bitstream/20.500.12806/1322/5/working_paper_um_cee_2012_05.pdf.jpg6f873ea9089c7817bb59a250c97c843dMD5520.500.12806/13222024-06-04 03:01:01.349oai:redum.um.edu.uy:20.500.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Universidadhttps://um.edu.uy/https://redum.um.edu.uy/oai/requestnolascoaga@um.edu.uyUruguayopendoar:105012024-06-04T06:01:01REDUM - Universidad de Montevideofalse |
| spellingShingle | Peer effects in risk aversion Balsa, Ana Inés Risk aversion Peer effects Instrumental variables |
| status_str | publishedVersion |
| title | Peer effects in risk aversion |
| title_full | Peer effects in risk aversion |
| title_fullStr | Peer effects in risk aversion |
| title_full_unstemmed | Peer effects in risk aversion |
| title_short | Peer effects in risk aversion |
| title_sort | Peer effects in risk aversion |
| topic | Risk aversion Peer effects Instrumental variables |
| url | https://hdl.handle.net/20.500.12806/1322 |
