Risk-attitudes and Socio-economic Characteristics of Economic Migrants: An Empirical Analysis of U.S. Interstate Migration

In order to estimate individuals' risk-attitudes of economic migrants a static one-period decision model is developed and applied to U.S. interstate migration data. Risk-attitudes are estimated by non-linaer optimiziation. It turns out that economic migrants are significantly risk-averse in tak...

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Bibliographic Details
Main Author: Koch, Sophia
Contributors: Nietert, Bernhard ( Prof. Dr. ) (Thesis advisor)
Format: Dissertation
Language:English
Published: Philipps-Universität Marburg 2014
Wirtschaftswissenschaften
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Summary:In order to estimate individuals' risk-attitudes of economic migrants a static one-period decision model is developed and applied to U.S. interstate migration data. Risk-attitudes are estimated by non-linaer optimiziation. It turns out that economic migrants are significantly risk-averse in taking economic migration decisions. A statistically significant relation of risk-attitudes and socio-economic characteristics like gender, age, and education can only be found for certain specifications of the model.
DOI:https://doi.org/10.17192/z2014.0333