Chong, Alberto; Martínez, Joan J. - In: Latin American economic review : LAER ; official … 30 (2021), pp. 1-19
We provide empirical evidence supporting a causal link between education and risk attitudes when using representative … experimental measures of risk attitudes and find that each is positively correlated with years of education. Furthermore, we … boom in the construction of new schools in Lima, providing evidence that more education may increase risk attitudes. Our …