Does the COVID-19 pandemic lockdown affect risk attitudes?-Evidence from rural Thailand.

ABSTRACT: Empirical research provides evidence on changes in individuals' risk attitudes after experiencing exogenous shocks. The global outbreak of the COVID-19 pandemic has had various adverse impacts on economies and households. This study utilizes the COVID-19 pandemic and the accompanying lockdown to explore its impact on risk attitudes in rural Thailand using a difference-in-difference (DiD) approach. Overall, we do not find evidence on considerable changes in the willingness to take risks of rural household members after experiencing a lockdown during the pandemic. However, a significant heterogenous effect is found between individuals working inside and outside the agricultural sector. Individuals working outside the agricultural sector have a statistically significant reduction in their wil

SUBMITTER: Luo H 

PROVIDER: S-EPMC10586670 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature