%0 Report
        %A Kettlewell, Nathan
%A Rijsdijk, Fruhling
%A Siribaddana, Sisira
%A Sumathipala, Athula
%A Tymula, Agnieszka
%A Zavos, Helena
%A Glozier, Nicholas
        %T Civil War, Natural Disaster and Risk Preferences: Evidence from Sri Lankan Twins
        %D 2018
        %8 2018 Oct
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 11901
        %U https://www.iza.org/index.php/publications/dp11901
        %X We estimate whether risk preferences are affected by traumatic events by using a unique survey of Sri Lankan twins which contains information on individual's exposure to the 2004 Indian Ocean Tsunami, participation as a combatant in the civil war, validated measures of mental health and risk preferences, and a rich set of control variables. Our estimation strategy utilises variation in experiences within twin pairs and allows us to explore whether preference changes are driven by wealth shocks and/or changes in mental health. We find that both events lead to less risk aversion, a result that is not driven by mental health or wealth changes.
        %K civil war
%K natural disaster
%K risk preferences
%K twin study