Artikel
Cross-border commuting and migration intentions: the roles of risk aversion and time preference
This article analyses the effects of individual risk aversion and time preference on cross-border mobility intentions using a theoretical and empirical model. The paper extends the previous literature by considering both cross-border commuting and migration as modes of mobility. The theoretical model shows that risk aversion has a negative effect on the willingness to migrate and to commute while the effect of time preference depends on expectations about the development of future wages in the home country and abroad. The empirical model, which is based on a multinomial probit regression, confirms the hypotheses regarding risk aversion and shows that the rate of time preference has a nonlinear effect on migration and commuting intentions consistent with expectations of higher real wage growth in the home country than abroad. The analysis sheds light on how time preference and risk aversion influence mobility decisions. This is especially important for integrating border regions in the European Union, in which both migration and commuting are possible.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Contemporary Economics ; ISSN: 2084-0845 ; Volume: 8 ; Year: 2014 ; Issue: 2 ; Pages: 137-156 ; Warsaw: Vizja Press & IT
- Klassifikation
-
Wirtschaft
International Migration
Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
Information, Knowledge, and Uncertainty: General
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Geographic Labor Mobility; Immigrant Workers
- Thema
-
willingness to migrate
willingness to commute
risk aversion
time preference
discount rate
migration and commuting intentions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nowotny, Klaus
- Ereignis
-
Veröffentlichung
- (wer)
-
Vizja Press & IT
- (wo)
-
Warsaw
- (wann)
-
2014
- DOI
-
doi:10.5709/ce.1897-9254.137
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Nowotny, Klaus
- Vizja Press & IT
Entstanden
- 2014
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