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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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| Formato: | Dissertation |
| Lenguaje: | inglés |
| Publicado: |
Philipps-Universität Marburg
2014
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| Acceso en línea: | Texto Completo PDF |
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| Sumario: | 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. |
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| DOI: | 10.17192/z2014.0333 |