Arbeitspapier
Shocks, individual risk attitude, and vulnerability to poverty among rural households in Thailand and Vietnam
We examine whether the experience of shocks influences individual risk attitude. We measure risk attitude via a simple survey item, compiled among more than 4,000 households in Thailand and Vietnam. The experience of adverse shocks, which is typical for poor and vulnerable households, is related to a higher degree of risk aversion, even when controlled for a large set of socio-demographic variables. Therefore, shocks perpetuate vulnerability to poverty via their effect on risk attitude. We extend this general finding to various categories of shocks and find differences between Thailand and Vietnam. This suggests that risk-coping strategies profit from case-specific design.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeitrag ; No. 508
- Klassifikation
-
Wirtschaft
Microeconomic Analyses of Economic Development
Criteria for Decision-Making under Risk and Uncertainty
- Thema
-
Risk attitude
shocks
vulnerability
risk perception
behavior towards risk
Southeast Asia
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gloede, Oliver
Menkhoff, Lukas
Waibel, Hermann
- Ereignis
-
Veröffentlichung
- (wer)
-
Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
- (wo)
-
Hannover
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gloede, Oliver
- Menkhoff, Lukas
- Waibel, Hermann
- Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
Entstanden
- 2012