Department of Agricultural Economics and Rural Development, Georg-August-University of Göttingen, Göttingen, Germany.
PLoS One. 2023 Oct 19;18(10):e0292873. doi: 10.1371/journal.pone.0292873. eCollection 2023.
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 willingness to take risks after experiencing a lockdown. Our study provides additional empirical evidence to understand the impact of shocks on rural households' risk attitudes. This sheds light on how policy designs can better help mitigate downward economic trends following exogenous shocks.
实证研究为个体经历外生冲击后风险态度变化提供了证据。COVID-19 大流行的爆发对经济和家庭造成了各种不利影响。本研究利用 COVID-19 大流行和随之而来的封锁，采用双重差分（DiD）方法探讨了其对泰国农村风险态度的影响。总体而言，我们没有发现农村家庭成员在大流行期间经历封锁后风险意愿发生重大变化的证据。然而，我们发现个体在农业部门内外工作之间存在显著的异质效应。在经历封锁后，从事农业部门以外工作的个体的风险意愿显著降低。本研究提供了额外的经验证据，以了解冲击对农村家庭风险态度的影响。这说明了政策设计如何更好地帮助减轻外生冲击后经济下行趋势。
