#2941. Does education increase risk aversion in households? Some evidence using artefactual experiments in Peru

November 2026publication date
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4 total number of authors per manuscript3510 $

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Journal’s subject area:
Economics, Econometrics and Finance (all);
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Abstract:
The article presents empirical evidence supporting a causal relationship between education and risk attitudes using representative data from representative surveys and pilot or field laboratory experiments in Lima, Peru. The results suggest that this relationship may be causal, as we use an identification strategy that exploits the exogenous new school building boom in Lima, providing evidence that higher levels of education can increase risk appetite.
Keywords:
Education; Experiments; Latin America; Risk Attitudes; Surveys

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