Is there a patience premium on migration?

Jorge González Chapela

Empirical Economics, 2022, vol. 63, issue 4, No 13, 2025-2055

Abstract: Abstract The very few studies on the empirical link between time preference and migration involve small samples or do not control for cognitive skills. This study uses data from a large, nationally representative survey with information on time preferences and cognitive skills to investigate whether cross-region migrants in Spain are less impatient than individuals who choose to remain in their birth region. The empirical model incorporates predicted probabilities of misclassifying lifetime migrant status. The results suggest that the effect of impatience on the likelihood of migrating internally is negative but decreasing, and that it is smaller than the effect on the likelihood of migrating abroad.

Keywords: Internal migration; Time preference; Misclassification; Binary choice; Spain; C35; D91; J60 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s00181-021-02196-z

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