Risk Attitudes and Household Migration Decisions

Risk Attitudes and Migration Experience

Although risk and uncertainty are intrinsic to human migration, there is surprisingly little explicit research on the willingness to take risks in this context. This paper analyses whether migrants are more or less likely than non-migrants to be risk tolerant, and whether these differences are gendered. Attitudes are explored in terms of responses under conditions of both risk and uncertainty, ...

Static and Intertemporal Household Decisions.

We discuss the most popular static and dynamic models of household behavior. Our main objective is to explain which aspects of household decisions different models can account for. Using this insight, we describe testable implications, identification results, and estimation findings obtained in the literature. Particular attention is given to the ability of different models to answer various ty...

Higher Order Risk Attitudes, Demographics, and Financial Decisions

We study the prevalence of the higher order risk attitudes of prudence and temperance, in a large demographically representative sample, as well as in a sample of undergraduate students. Participants make pairwise choices between lotteries of the form proposed by Eeckhoudt and Schlesinger (2006). The choices in these lotteries isolate prudent from imprudent, and temperate from intemperate, beha...

Risk attitudes and Medicare Part D enrollment decisions

Migration , Risk and the Intra - Household Allocation of Labor in

We investigate how the gender composition of migrant flows and the intra-household allocation of labor are employed as risk-coping strategies in El Salvador. We show that agricultural productivity shocks primarily increased male migration to the US and, at the same time, increased the number of hours that the household devoted to agricultural activities. In contrast, damage sustained from the 2...