Where Do Migrants Go? Risk-Aversion, Mobility Costs and the Locational Choice of Migrants

Francesco Daveri and Riccardo Faini

Working Papers from Banca Italia - Servizio di Studi

Abstract: As part of their efforts to pool individual risks, households consider spreading their members over a multiplicity of locations both within their country of origin and abroad. At the same time, the world has innumerable Chinatown and Little Italies : when people move they tend to bunch in the same location. Bunching would appear to be fundamentally at odds with the desire for risk diversification. In this paper we provide a framework to reconcile spatial bunching and spreading of migrants, combining risk-aversion and concavity of mobility costs at the household level.

Keywords: RISK AVERSION; MIGRANTS; ITALY (search for similar items in EconPapers)
JEL-codes: J11 J15 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1996
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Citations: View citations in EconPapers (1)

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Working Paper: Where do Migrants Go? Risk-Aversion, Mobility Costs and the Locational Choice of Migrants (1996)
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