Reexamining the Factors Influencing Migration Decisions

Yishan Liu and Junyi Shen
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Yishan Liu: Graduate School of Economics, Kobe University, JAPAN
Junyi Shen: Research Institute for Economics and Business Administration, Kobe University, JAPAN

No DP2025-34, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University

Abstract: This study explores the impact of risk attitudes and endowment effects on migration decisions under different motivations and migration distance conditions, focusing on the variability between short- and long-distance migration. Using data from Australia, we compare two measures of risk attitudes—a continuous risk index and a categorical risk threshold approach—and further test these effects in conjunction with household-level cluster analysis. The findings suggest that the effects of risk attitudes on migration decisions are likely to operate in long-distance migration when motivation is considered. In addition, we demonstrate that the endowment effect does not play a role in long-distance but plays a key role in short-distance migration decisions. Furthermore, we introduce a clustering-based analysis to reveal the impact of variations in family background on migration decisions. We find that the differences in coefficient estimates between the clustering and main models is negligible, indicating that the results of the main model remain robust and reliable after accounting for potential group differences.

Keywords: Migration decision; Risk attitude; Endowment effect; Clustering-based analysis; Logit model (search for similar items in EconPapers)
JEL-codes: D81 J61 R23 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2025-12
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