Artikel
Risk attitudes and migration decisions
This paper analyzes the relationship between individuals' attitudes towards risk and their decision to migrate. We consider migration in the United States across metropolitan statistical areas (MSAs) between 1997 and 2015, based on data from the Panel Study of Income Dynamics (PSID). Using random-effects specifications, we find that being relatively more willing to take risks is positively and significantly related to cross-MSA migration. For cross-state migration and migration across larger distances, risk attitudes are slightly more important. A recursive bivariate probit model of simultaneous equations addresses the potential endogenous nature of attitudes towards risk and allows ruling out reverse causality.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Regional Science ; ISSN: 1467-9787 ; Volume: 61 ; Year: 2021 ; Issue: 3 ; Pages: 649-684 ; Hoboken, NJ: Wiley
- Klassifikation
-
Politik
- Thema
-
interregional migration
metropolitan statistical areas (MSAs)
Panel Study of Income Dynamics (PSID)
risk attitudes
self‐selection
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Roca Paz, Roberto
Uebelmesser, Silke
- Ereignis
-
Veröffentlichung
- (wer)
-
Wiley
- (wo)
-
Hoboken, NJ
- (wann)
-
2021
- DOI
-
doi:10.1111/jors.12530
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Roca Paz, Roberto
- Uebelmesser, Silke
- Wiley
Entstanden
- 2021
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