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Direct Evidence on Risk Attitudes and Migration
Abstract
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.
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Cited by
Are Risk Aversion and Impatience Related to Cognitive Ability?
Dohmen, T., Falk, A., Huffman, D., & Sunde, U. (2010) · American Economic Review · doi:10.1257/aer.100.3.1238 · Cited by 1,332
Self-citationUnderstanding Immobility: Moving Beyond the Mobility Bias in Migration Studies
Schewel, K. (2020) · International Migration Review · doi:10.1177/0197918319831952 · Cited by 732
Falk, A., Becker, A., Dohmen, T., Huffman, D., & Sunde, U. (2016) · doi:10.2139/ssrn.2725035 · Cited by 195
Self-citationSchonberg, T., Fox, C. R., Mumford, J. A., Congdon, E., Trepel, C., & Poldrack, R. A. (2012) · Frontiers in Neuroscience · doi:10.3389/fnins.2012.00080 · Cited by 162
Imagining mobility: the prospective cognition question in migration research
Koikkalainen, S., & Kyle, D. (2016) · Journal of Ethnic and Migration Studies · doi:10.1080/1369183x.2015.1111133 · Cited by 127
Metadata
- Authors
- Jaeger, D. A., Dohmen, T., Falk, A., Huffman, D., Sunde, U., & Bonin, H.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2010-08
- Volume
- 92
- Issue
- 3
- Pages
- 684-689
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W2162118162
- Cited by
- 439
- References
- 0
- FWCI
- 67.82
- Type
- journal article
- Language
- en
- Open access
- closed
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- Jaeger, D. A., Dohmen, T., Falk, A., Huffman, D., Sunde, U., & Bonin, H. (2010). Direct Evidence on Risk Attitudes and Migration. Review of Economics and Statistics. https://doi.org/10.1162/rest_a_00020
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