Artikel

How do migrants save? Evidence from the British Household Panel Survey on temporary and permanent migrants versus natives

This paper investigates the saving behavior of migrants in the UK across different dimensions, i.e., comparing temporary versus permanent migrants and migrants versus natives. Established theoretical predictions show that migrants save more when they plan to stay in the destination only temporarily as target savers. Our empirical evidence takes into account the contemporaneous choice of savings and remittances. Moreover, when comparing the saving profiles of both natives and migrants, we uncover the weight of observable socio-economic characteristics other than income and wealth. We use the British Household Panel Survey for the period 1991-2008. The estimation results confirm that temporary migrants have a propensity to save 26 per cent higher than permanent migrants in UK. We also introduce an index of financial capability adjusted for income as an explanatory variable and, when employing the Blinder-Oaxaca decomposition for the Tobit model of saving choice, migrants are more affected by observable social-economic characteristics than natives.

Sprache
Englisch

Erschienen in
Journal: IZA Journal of Migration ; ISSN: 2193-9039 ; Volume: 4 ; Year: 2015 ; Pages: 1-36 ; Heidelberg: Springer

Klassifikation
Wirtschaft
International Migration
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Econometric and Statistical Methods: Special Topics: General
Thema
Temporary migration
Savings
Remittances
Blinder-Oaxaca decomposition

Ereignis
Geistige Schöpfung
(wer)
De Arcangelis, Giuseppe
Joxh, Majlinda
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2015

DOI
doi:10.1186/s40176-015-0034-y
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • De Arcangelis, Giuseppe
  • Joxh, Majlinda
  • Springer

Entstanden

  • 2015

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