COVID-19 and economic preferences: Evidence from a panel of cab drivers

Fernando Aragón; Noelia Bernal; Mariano Bosch; Oswaldo Molina

COVID-19 and economic preferences: Evidence from a panel of cab drivers

Fernando Aragón
, Noelia Bernal
, Mariano Bosch
, Oswaldo Molina

Producción científica: Documento de trabajo

Resumen

This paper investigates the impact of the COVID-19 pandemic on risk and time preferences. We use a longitudinal dataset from a survey of cab drivers in Lima (Peru) conducted before and nearly a year after the pandemic onset. We find a significant increase in risk tolerance and patience. The magnitude of the effect increases with age and becomes substantially larger for individuals 50 years and older. Our findings suggest that the pandemic could influence individuals' behaviour and socioeconomic outcomes via another channel, namely changes in economic preferences.

Idioma original	Inglés
Número de páginas	22
Estado	Publicada - 2022

Series de publicaciones

Nombre	Discussion papers
Editor	Simon Fraser University, Department of Economics
N.º	dp22-02

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

ODS 3: Salud y bienestar
ODS 8: Trabajo decente y crecimiento económico
ODS 17: Alianzas para lograr los objetivos

Acceder al documento

http://www.sfu.ca/repec-econ/sfu/sfudps/dp22-02.pdf

COVID-19 and economic preferences: Evidence from a panel of cab drivers
Aragon, F. M., Bernal, N., Bosch, M. & Molina, O., oct. 2024, En: Journal of Behavioral and Experimental Economics. 112, 102257.
Producción científica: Contribución a una revista › Artículo de revista › revisión exhaustiva

Acceso abierto

Citar esto

@techreport{f9795d84dce1465e84f178eaa631a762,

title = "COVID-19 and economic preferences: Evidence from a panel of cab drivers",

abstract = "This paper investigates the impact of the COVID-19 pandemic on risk and time preferences. We use a longitudinal dataset from a survey of cab drivers in Lima (Peru) conducted before and nearly a year after the pandemic onset. We find a significant increase in risk tolerance and patience. The magnitude of the effect increases with age and becomes substantially larger for individuals 50 years and older. Our findings suggest that the pandemic could influence individuals' behaviour and socioeconomic outcomes via another channel, namely changes in economic preferences.",

keywords = "Risk preferences, Time preferences, COVID-19",

author = "Fernando Arag{\'o}n and Noelia Bernal and Mariano Bosch and Oswaldo Molina",

note = "Bibliograf{\'i}a: p{\'a}ginas 14-16.",

year = "2022",

language = "English",

series = "Discussion papers",

publisher = "Simon Fraser University, Department of Economics",

number = "dp22-02",

type = "WorkingPaper",

institution = "Simon Fraser University, Department of Economics",

}

TY - UNPB

T1 - COVID-19 and economic preferences

T2 - Evidence from a panel of cab drivers

AU - Aragón, Fernando

AU - Bernal, Noelia

AU - Bosch, Mariano

AU - Molina, Oswaldo

N1 - Bibliografía: páginas 14-16.

PY - 2022

Y1 - 2022

N2 - This paper investigates the impact of the COVID-19 pandemic on risk and time preferences. We use a longitudinal dataset from a survey of cab drivers in Lima (Peru) conducted before and nearly a year after the pandemic onset. We find a significant increase in risk tolerance and patience. The magnitude of the effect increases with age and becomes substantially larger for individuals 50 years and older. Our findings suggest that the pandemic could influence individuals' behaviour and socioeconomic outcomes via another channel, namely changes in economic preferences.

AB - This paper investigates the impact of the COVID-19 pandemic on risk and time preferences. We use a longitudinal dataset from a survey of cab drivers in Lima (Peru) conducted before and nearly a year after the pandemic onset. We find a significant increase in risk tolerance and patience. The magnitude of the effect increases with age and becomes substantially larger for individuals 50 years and older. Our findings suggest that the pandemic could influence individuals' behaviour and socioeconomic outcomes via another channel, namely changes in economic preferences.

KW - Risk preferences

KW - Time preferences

KW - COVID-19

M3 - Working paper

T3 - Discussion papers

BT - COVID-19 and economic preferences

ER -

COVID-19 and economic preferences: Evidence from a panel of cab drivers

Resumen

Series de publicaciones

ODS de las Naciones Unidas

Acceder al documento

Huella

Producción científica

COVID-19 and economic preferences: Evidence from a panel of cab drivers

Citar esto