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Long-Term Consequences of Growing up in a Recession on Risk Preferences

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NBER2019-10-01 更新2025-01-04 收录
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Risk preferences play a fundamental role in individuals economic decision-making. We examine whether the historical macroeconomic environment shapes individuals willingness to take risks. Using nationally representative samples from Japan and exploiting regional variation in economic conditions, we

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2019-10-01
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