Air pollution and risk preference

WooRam Park and Yongmi Kim

Journal of Economic Behavior & Organization, 2022, vol. 202, issue C, 566-579

Abstract: We empirically investigate whether exposure to air pollution alters an individual's risk preference. We utilize South Korean individual-level panel data, which contains information on risk preferences, locations, and interview dates. By exploiting the within-individual variation in risk preference and exposure to air pollution on the interview day, we find that a higher level of air pollution is associated with a lower probability of having a risk-loving preference. We also find that the impact of air pollution on risk preference is mostly transitory and contemporary.

Keywords: Air Pollution; Comprehensive Air-quality Index (CAI); Stability of Preferences; Risk Preference (search for similar items in EconPapers)
JEL-codes: D81 D91 Q53 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:202:y:2022:i:c:p:566-579

DOI: 10.1016/j.jebo.2022.08.024

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