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Does revolution change risk attitudes? Evidence from Burkina Faso

Sepahvand, Mohammad LU ; Shahbazian, Roujman and Bali Swain, Ranjula (2024) In Journal of International Development p.1-15
Abstract
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.
Abstract (Swedish)
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.
Please use this url to cite or link to this publication:
author
; and
organization
publishing date
type
Contribution to journal
publication status
epub
subject
keywords
Burkina Faso, Exogenous shocks, Revolution, Risk attitudes
in
Journal of International Development
pages
15 pages
publisher
John Wiley & Sons Inc.
external identifiers
  • scopus:85203047876
ISSN
1099-1328
DOI
10.1002/jid.3934
language
English
LU publication?
yes
id
9448f59d-3978-466b-8996-970cd980f94e
date added to LUP
2024-09-23 11:58:57
date last changed
2024-09-24 04:00:44
@article{9448f59d-3978-466b-8996-970cd980f94e,
  abstract     = {{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.}},
  author       = {{Sepahvand, Mohammad and Shahbazian, Roujman and Bali Swain, Ranjula}},
  issn         = {{1099-1328}},
  keywords     = {{Burkina Faso; Exogenous shocks; Revolution; Risk attitudes}},
  language     = {{eng}},
  month        = {{09}},
  pages        = {{1--15}},
  publisher    = {{John Wiley & Sons Inc.}},
  series       = {{Journal of International Development}},
  title        = {{Does revolution change risk attitudes? Evidence from Burkina Faso}},
  url          = {{http://dx.doi.org/10.1002/jid.3934}},
  doi          = {{10.1002/jid.3934}},
  year         = {{2024}},
}