DIRECT EVIDENCE ON RISK ATTITUDES AND MIGRATION

• 成果类型: Article
• 署名作者: Jaeger, David A.; Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe; Bonin, Holger
• 署名单位: City University of New York (CUNY) System; University of Cologne; Maastricht University; University of Bonn; Swarthmore College; University of St Gallen
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00020
• 发表日期: 2010-08
• 页码: 684-689
• 关键词: aversion

摘要

It has long been hypothesized that individuals' migration propensities depend on their risk attitudes, but the empirical evidence has been limited and indirect. We use newly available data from the German Socio-Economic Panel to measure directly the relationship between migration and risk attitudes. We find that individuals who are more willing to take risks are more likely to migrate. Our estimates are substantial compared to unconditional migration probabilities, as well the effects of conventional determinants of migration, and are robust to controlling for a variety of demographic characteristics. We find no evidence that our results are the result of reverse causality.