Does revolution change risk attitudes?: Evidence from Burkina Faso
2024 (English)In: Journal of International Development, ISSN 0954-1748, E-ISSN 1099-1328, Vol. 36, no 8, p. 3010-3024Article in journal (Refereed) Published
Abstract [en]
A popular uprising in 2014, led to a revolution that overthrew the sitting President of Burkina Faso. We investigate if individuals' risk attitudes changed due to this revolution. We examine this impact by the main determinants of risk attitudes: gender, age and level of education. The analysis is based on unique panel survey data, allowing us to track the changes in the risk attitudes of the same individuals before, during and after the revolution. Our results suggest that individuals become risk averse during the revolution but return back to their pre-revolution risk attitudes, with a slight increase in their risk attitudes, after the revolution is over.
Place, publisher, year, edition, pages
John Wiley & Sons, 2024. Vol. 36, no 8, p. 3010-3024
Keywords [en]
Burkina Faso, exogenous shock, revolution, risk attitudes, gender-differences, time-preferences, social media, aversion, determinants, specificity, psychology, economics, behavior, impact
National Category
Economics
Research subject
Politics, Economy and the Organization of Society
Identifiers
URN: urn:nbn:se:sh:diva-54725DOI: 10.1002/jid.3934ISI: 001304583300001Scopus ID: 2-s2.0-85203047876OAI: oai:DiVA.org:sh-54725DiVA, id: diva2:1897144
Funder
Sida - Swedish International Development Cooperation Agency
Note
The survey was funded as part of a government cooperation project between INSD and Statistics Sweden (SCB). Statistics Sweden jointly with the World Bank provided the technical assistance. The project was financed by the Swedish International Development Cooperation Agency (Sida).
2024-09-122024-09-122024-12-02Bibliographically approved