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dc.rights.licenseopenen_US
hal.structure.identifierBordeaux Sciences Economiques [BSE]
dc.contributor.authorBOUTIN, Delphine
dc.contributor.authorPETIFOUR, Laurène
hal.structure.identifierBordeaux Sciences Economiques [BSE]
dc.contributor.authorMEGZARI, Haris
dc.date.accessioned2022-03-29T15:48:43Z
dc.date.available2022-03-29T15:48:43Z
dc.identifier.urihttps://oskar-bordeaux.fr/handle/20.500.12278/136552
dc.description.abstractEnThe salience of the first Covid-19 crisis over a well-identified period represents an unexpected and abrupt change in the environment. This study uses the onset of the Covid-19 crisis to empirically examine whether risk and time preferences change in response to this exogenous shock. We use an original panel dataset conducted in January 2020 (before any event) and June 2020 (after the removal of strong economic measures) among women working in the informal sector in Ouagadougou, Burkina Faso. We use individual fixed effects on a balanced panel of 853 women to isolate the specific causal effect of the Covid-19 crisis on variation in attitudes toward risk and time over these six months and rule out alternative explanations for differences in preferences. We demonstrate strong preference instability: risk aversion changed over the period in both the gain (13%) and loss (-47%) domains, while impatience increased by 9%. We also show that risk aversion (in both domains) is non-sensitive to actual impacts, but appears to be driven by economic fears and concerns related to the Covid-19 crisis. We also find that greater exposure to the media reinforces preference instability: the more informed the respondent is, the more their risk and time preferences vary. The same phenomenon is observed when their source of information comes from the government or from a social network (Facebook and WhatsApp).
dc.language.isoENen_US
dc.rightsAttribution 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/us/*
dc.subject.enCovid-19
dc.subject.enRisk attitude
dc.subject.enImpatience
dc.subject.enEmotions
dc.subject.enMedia exposure
dc.title.enInstability of preferences due to Covid-19 Crisis and emotions: a natural experiment from urban Burkina Faso
dc.typeDocument de travail - Pré-publicationen_US
dc.subject.halÉconomie et finance quantitative [q-fin]en_US
dc.subject.jelD - Microeconomics::D8 - Information, Knowledge, and Uncertaintyen_US
dc.subject.jelD - Microeconomics::D9 - Intertemporal Choiceen_US
dc.subject.jelC - Mathematical and Quantitative Methods::C9 - Design of Experiments::C93 - Field Experimentsen_US
dc.subject.jelI - Health, Education, and Welfare::I1 - Health::I18 - Government Policy; Regulation; Public Healthen_US
dc.subject.jelO - Economic Development, Innovation, Technological Change, and Growth::O5 - Economywide Country Studies::O55 - Africaen_US
bordeaux.hal.laboratoriesBordeaux Sciences Economiques / Bordeaux School of Economics -BSE) - UMR 6060en_US
bordeaux.institutionUniversité de Bordeauxen_US
bordeaux.institutionCNRSen_US
hal.identifierhal-03623601
hal.version1
hal.date.transferred2022-03-29T15:48:46Z
hal.exporttrue
dc.rights.ccPas de Licence CCen_US
bordeaux.COinSctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.au=BOUTIN,%20Delphine&PETIFOUR,%20Laur%C3%A8ne&MEGZARI,%20Haris&rft.genre=preprint


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