Kyoto Environment and Development (KED) Seminar is taking place at 3pm this Thursday.
We will welcome Takashi Kurosaki from Hitotsubashi University, and he will talk about the effects of the Covid-19 & Natural Agricultural Shocks on Preferences of Pakistani Farmers.
Kyoto Environment and Development Seminar #26
- Date &Time: October 26, 2023, Thursday, 15:00-16:30 (JST)
- Language: English
- Venue: Seminar Room E217 (GSA, Kyoto University) / Zoom Web Seminar
- Speaker: Takashi Kurosaki (Hitotsubashi University)
If you would like to join this meeting via Zoom, register in advance:
After registering, you will receive a confirmation email containing information about the meeting.
Effects of the Covid-19 & Natural Agricultural Shocks on Preferences of Pakistani Farmers (co-authored with Hamza Umer, Hitotsubashi University)
It is imperative to examine how different negative shocks influence preferences because preferences influence micro level decisions that provide foundations for macro-level outcomes. We contribute to this domain by reporting an incentivized field experiment that examined the effects of agr icultural income shocks driven by either the Covid-19 or other natural calamities on preferences of Pakistani farmers such as risk-taking, impatience, generosity and fairness. We find that the Covid-19 shock reduced impatience and generosity while the natural shock increased risk-aversion. Our findi ngs suggest that despite having a similar impact on farmers’ agricultural income, the two shocks influence a different set of preferences, and hence, we need to measure them both to identify their precise impact on preferences. Overall, these results offer new information about the relative impacts of the Covid-19 and natural shocks on preferences and help us understand the wealth and age-based heterogeneous effects of these shocks.
Chair: Ken Miura (Division of Natural Resource Economics, Kyoto University)
- Ken Miura miura.ken.3e [at] kyoto-u.ac.jp (replace [at] with @)