Direct Evidence on Risk Attitudes and Migration

Jaeger, David A.; Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe; Bonin, Holger

doi:10.1162/rest_a_00020

Cited by 362 publications

(333 citation statements)

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“…Jaeger et al (2010) find that risk tolerance and migration in Germany are positively related. More risk-loving individuals are more likely to migrate after controlling for conventional migration determinants such as age, family background, and geographical measures.…”

Section: Literaturementioning

confidence: 78%

“…This question closely follows the risk attitude measure provided by the German Socioeconomic Panel (GSOEP), and used among others such as Bonin et al (2009) andJaeger et al (2010). The ULMS has made a comparable variable available (see Lehmann et al, 2012), which Dohmen et al (2015) have studied.…”

Section: "Generally Some People Prefer To Take Risk and Others Try mentioning

confidence: 99%

“…The ULMS has made a comparable variable available (see Lehmann et al, 2012), which Dohmen et al (2015) have studied. This measure has been proven to serve as a good measure of general risk tolerance (Dohmen et al, 2011;Jaeger et al, 2010;Frijters, et al 2011). Table 1 summarizes the main variables used in the analysis.…”

Section: "Generally Some People Prefer To Take Risk and Others Try mentioning

confidence: 99%

“…To date, there is only limited empirical evidence verifying this hypothesis, and such evidence is gathered from either laboratory experiments or data predominantly collected in high income countries with established institutions (Bonin et al, 2009 and2012;Jaeger et al, 2010;Dohmen et al, 2011 and2012;Williams and Baláž, 2014). Evidence from countries undergoing rapid economic and social transformations is minimal (Gibson and McKenzie, 2009;Hao et al, 2014;Dohmen et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

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Risk attitudes and migration

Akgüç

Liu

Tani

et al. 2016

China Economic Review

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E S Risk Attitudes and MigrationIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.

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Section: Literaturementioning

confidence: 78%

Section: "Generally Some People Prefer To Take Risk and Others Try mentioning

confidence: 99%

Section: "Generally Some People Prefer To Take Risk and Others Try mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Risk attitudes and migration

Akgüç

Liu

Tani

et al. 2016

China Economic Review

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“…Individuals who are willing to take more risk score high on this variable. The measurement of risk attitudes by means of a single question in large-scale surveys is not uncommon, and examples have appeared in earlier research (Bonin et al 2009;Bönte and Piegeler 2013;Jaeger et al 2010). The usefulness of a general selfassessment of risk by respondents is demonstrated by Dohmen et al (2011, p.524), who conclude that ''(…) responses to the general risk question are a reliable predictor of actual risky behaviour, even controlling for a large number of observables''.…”

Section: Perceived Riskmentioning

confidence: 99%

Sustainable Entrepreneurship: The Role of Perceived Barriers and Risk

2017

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Entrepreneurs who start a business to serve both self-interests and collective interests by addressing unmet social and environmental needs are usually referred to as sustainable entrepreneurs. Compared with regular entrepreneurs, we argue that sustainable entrepreneurs face specific challenges when establishing their businesses owing to the discrepancy between the creation and appropriation of private value and social value. We hypothesize that when starting a business, sustainable entrepreneurs (1) feel more hampered by perceived barriers, such as the institutional environment and (2) have a different risk attitude and perception than regular entrepreneurs. We use two waves of the Flash Eurobarometer survey on entrepreneurship (2009 and 2012), which contains information on start-up motivations, start-up barriers, and risk perceptions of approximately 3000 (prospective) business owners across 33 countries. We find that sustainable entrepreneurs indeed perceive more institutional barriers in terms of a lack of financial, administrative, and informational support at business start-up than regular entrepreneurs. Further, no significant differences between sustainable and regular entrepreneurs are found in terms of their risk attitudes or perceived financial risks. However, sustainable entrepreneurs are more likely to fear personal failure than regular entrepreneurs, which is explained by their varied and complex stakeholder relations. These insights may serve as an important signal for both governments and private capital providers in enhancing the institutional climate.

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Redefining Informality and Measuring its Determinants: Evidence from the Russian Labour Market

Lehmann

Zaiceva

2015

J of Intl Development

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Although informality impacts countries' economic development, the recent recession may have increased the incidence of informal activities. We take advantage of a rich data set on Russia before and after the economic downturn and demonstrate that the incidence of informal employment varies across the definitions. However, the determinants of informal employment are roughly stable across different measures, apart from firm size. Employing a direct measure of risk attitudes, we also show that risk‐averse individuals are less likely to select themselves into informality. Regressions suggest a lower likelihood to be a formal employee post‐2008, especially for individuals with little education and immigrants. Copyright © 2015 John Wiley & Sons, Ltd.

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Direct Evidence on Risk Attitudes and Migration

Cited by 362 publications

References 10 publications

Risk attitudes and migration

Risk attitudes and migration

Sustainable Entrepreneurship: The Role of Perceived Barriers and Risk

Redefining Informality and Measuring its Determinants: Evidence from the Russian Labour Market

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