Migration, Diversity and Regional Risk Sharing

Luigi Ventura and Maria Ventura

MPRA Paper from University Library of Munich, Germany

Abstract: The economic consequences of migration have become the topic of many recent contributions in theoretical and applied economics. However, only a handful of papers have dealt with the implications of migration for risk sharing. We intend to fill in this gap in the literature by exploring the effects of migration and the ensuing cultural diversity on risk sharing in receiving economies, by using data on US states in the period 2000-2015. Our empirical results strongly suggest that migration enhances risk sharing in host economies, but non monotonically so. Moreover, cultural diversity is key in this risk sharing-enhancing effect of migration.

Keywords: Regional risk sharing; Consumption insurance; Migration; Diversity (search for similar items in EconPapers)
JEL-codes: C23 C51 E21 F36 (search for similar items in EconPapers)
Date: 2021-05
New Economics Papers: this item is included in nep-mac, nep-mig and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:107712

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