Persistence of individual and social preferences in rural settings
Preferences play a key role in decision-making and are generally assumed as time-invariant in economic modeling despite the mixed empirical evidence. We examine the stability of individual and social preferences in rural settings using the COVID-19 pandemic as a major global shock. We employ a uniqu...
| Autores principales: | , |
|---|---|
| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2025
|
| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/175452 |
| _version_ | 1855542294401253376 |
|---|---|
| author | Castillo, José Gabriel Hernandez, Manuel A. |
| author_browse | Castillo, José Gabriel Hernandez, Manuel A. |
| author_facet | Castillo, José Gabriel Hernandez, Manuel A. |
| author_sort | Castillo, José Gabriel |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Preferences play a key role in decision-making and are generally assumed as time-invariant in economic modeling despite the mixed empirical evidence. We examine the stability of individual and social preferences in rural settings using the COVID-19 pandemic as a major global shock. We employ a unique longitudinal dataset comprising 1,262 smallholder households, based on interviews with household heads conducted across four survey waves between 2019 and 2022. We find a temporal, two-year shift in risk tolerance, while interpersonal trust and generosity perceptions show a sustained deterioration over three years. We explore possible variations by household characteristics and the degree of exposure to the virus, self-confinement, and extreme weather events. |
| format | Artículo preliminar |
| id | CGSpace175452 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1754522025-12-02T21:02:52Z Persistence of individual and social preferences in rural settings Castillo, José Gabriel Hernandez, Manuel A. COVID-19 decision making extreme weather events risk rural areas stability Preferences play a key role in decision-making and are generally assumed as time-invariant in economic modeling despite the mixed empirical evidence. We examine the stability of individual and social preferences in rural settings using the COVID-19 pandemic as a major global shock. We employ a unique longitudinal dataset comprising 1,262 smallholder households, based on interviews with household heads conducted across four survey waves between 2019 and 2022. We find a temporal, two-year shift in risk tolerance, while interpersonal trust and generosity perceptions show a sustained deterioration over three years. We explore possible variations by household characteristics and the degree of exposure to the virus, self-confinement, and extreme weather events. 2025-07-02 2025-07-02T19:14:30Z 2025-07-02T19:14:30Z Working Paper https://hdl.handle.net/10568/175452 en https://doi.org/10.1093/jae/ejae005 https://doi.org/10.1016/j.foodpol.2023.102477 https://doi.org/10.2499/p15738coll2.137039 https://doi.org/10.1016/j.worlddev.2023.106422 https://doi.org/10.2499/9780896294226_08 Open Access application/pdf International Food Policy Research Institute Castillo, José Gabriel; and Hernandez, Manuel A. 2025. Persistence of individual and social preferences in rural settings. IFPRI Discussion Paper 2345. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/175452 |
| spellingShingle | COVID-19 decision making extreme weather events risk rural areas stability Castillo, José Gabriel Hernandez, Manuel A. Persistence of individual and social preferences in rural settings |
| title | Persistence of individual and social preferences in rural settings |
| title_full | Persistence of individual and social preferences in rural settings |
| title_fullStr | Persistence of individual and social preferences in rural settings |
| title_full_unstemmed | Persistence of individual and social preferences in rural settings |
| title_short | Persistence of individual and social preferences in rural settings |
| title_sort | persistence of individual and social preferences in rural settings |
| topic | COVID-19 decision making extreme weather events risk rural areas stability |
| url | https://hdl.handle.net/10568/175452 |
| work_keys_str_mv | AT castillojosegabriel persistenceofindividualandsocialpreferencesinruralsettings AT hernandezmanuela persistenceofindividualandsocialpreferencesinruralsettings |