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Does revolution change risk attitudes? Evidence from Burkina Faso
Stockholm University, Faculty of Social Sciences, The Swedish Institute for Social Research (SOFI).ORCID iD: 0000-0003-2611-0198
Number of Authors: 32024 (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
2024. Vol. 36, no 8, p. 3010-3024
Keywords [sv]
Burkina Faso, exogenous shock, revolution, risk attitudes
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:su:diva-233516DOI: 10.1002/jid.3934ISI: 001304583300001Scopus ID: 2-s2.0-85203047876OAI: oai:DiVA.org:su-233516DiVA, id: diva2:1898429
Available from: 2024-09-17 Created: 2024-09-17 Last updated: 2025-02-24Bibliographically approved

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Shahbazian, Roujman

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Sepahvand, Mohammad H.Shahbazian, RoujmanSwain, Ranjula Bali
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