TY - JOUR
T1 - Are religious farmers more risk taking?
T2 - Empirical evidence from Ethiopia
AU - Kahsay, Goytom Abraha
AU - Kassie, Workineh Asmare
AU - Medhin, Haileselassie
AU - Hansen, Lars Gårn
PY - 2022
Y1 - 2022
N2 - There is growing evidence that religiosity affects important socio-economic outcomes. A potential channel through which religiosity affects these outcomes is by shaping individuals’ risk preferences. We combine a lab-in-the-field experiment, survey, and focus-group discussions to investigate the effect of religiosity on risk-taking among rural people in Ethiopia. We find evidence that religious farmers are more risk-taking. The effect is likely driven by the trust/belief in God as the omniscient and just power in determining outcomes under uncertainty. This is further corroborated by results from follow-up focus-group discussions.
AB - There is growing evidence that religiosity affects important socio-economic outcomes. A potential channel through which religiosity affects these outcomes is by shaping individuals’ risk preferences. We combine a lab-in-the-field experiment, survey, and focus-group discussions to investigate the effect of religiosity on risk-taking among rural people in Ethiopia. We find evidence that religious farmers are more risk-taking. The effect is likely driven by the trust/belief in God as the omniscient and just power in determining outcomes under uncertainty. This is further corroborated by results from follow-up focus-group discussions.
U2 - 10.1111/agec.12697
DO - 10.1111/agec.12697
M3 - Journal article
VL - 53
SP - 617
EP - 632
JO - Agricultural Economics
JF - Agricultural Economics
SN - 0169-5150
IS - 4
ER -