Risk attitude, risky behavior, and price determination in the sex market: A case study of Yangon, Myanmar

Hiroyuki Yamada, Yuki Kanayama, Kanako Yoshikawa and Kyaw Wai Aung
Additional contact information
Yuki Kanayama: Faculty of Economics, Keio University
Kanako Yoshikawa: Osaka School of International Public Policy, Osaka University
Kyaw Wai Aung: STI Myanmar University

No 2020-013, Keio-IES Discussion Paper Series from Institute for Economics Studies, Keio University

Abstract: Commercial sex is a prevalent but risky profession in many countries, including Myanmar. While risk attitude is a potentially important factor in determining risky behavior of female sex workers (FSWs), few studies have explicitly investigated the issue. This is one of the first studies to elicit the risk attitude of FSWs using a simple risk game. We conducted the risk game with FSWs in Yangon, Myanmar, where the average GDP per capita is very low, to study how risk attitude is related with observable characteristics and with risky behavior related to the use of condoms in the commercial sex market. We found that risk attitude is relatively independent of observable characteristics and the decision to use a condom. However, transaction prices were directly associated with risk attitude.

Keywords: Commercial sex work; female sex worker; risk attitude; transaction price; Myanmar (search for similar items in EconPapers)
JEL-codes: D81 E26 J46 O53 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2020-07-21
New Economics Papers: this item is included in nep-lma, nep-mac and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Risk attitude, risky behaviour and price determination in the sex market: A case study of Yangon, Myanmar (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:keo:dpaper:2020-013

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