Risk Attitudes and Migration
Mehtap Akgüc (),
Max Tani and
Klaus Zimmermann ()
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Mehtap Akgüc: Center for European Policy Studies (CEPS)
No 9347, IZA Discussion Papers from Institute of Labor Economics (IZA)
To contribute to a scarce literature, in particular for developing and emerging economies, we study the nature of measured risk attitudes and their consequences for migration. We also investigate whether substantial changes in the risk environment influences risk tolerance. Using the 2009 RUMiC data for China, we find that rural-urban migrants and their family members are substantially less risk-averse than stayers. We further provide evidence that individual risk attitudes are unaffected by substantial changes in the environment and that risk tolerance is correlated across generations.
Keywords: risk aversion; risk attitudes; migration; China (search for similar items in EconPapers)
JEL-codes: J61 D81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cna, nep-mig, nep-tra and nep-upt
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Published in: China Economic Review, 2016, 37, 166 - 176
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Journal Article: Risk attitudes and migration (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp9347
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