{"id":52341,"date":"2023-12-01T17:49:52","date_gmt":"2023-12-01T16:49:52","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/risk-aversion-and-the-willingness-to-migrate-in-30-countries\/"},"modified":"2024-11-07T06:00:31","modified_gmt":"2024-11-07T05:00:31","slug":"risk-aversion-and-the-willingness-to-migrate-in-30-countries","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/52341\/","title":{"rendered":"Risk Aversion and the Willingness to Migrate in 30 Countries"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-52341","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We use individual level data covering 30 mostly post-communist and developing countries which account for over a fifth of the worldwide immigrant stock to assess the impact of risk aversion on the willingness to migrate. Consistent with theories of individual level migration decisions, risk aversion has a statistically significant negative impact on both the willingness to migrate within countries as well as abroad. This applies to virtually all countries considered and is robust across various specifications, to alternative measures of risk aversion and to different measures of the willingness to migrate. Differences in the impact of risk aversion on the willingness to migrate are also positively correlated to measures of sending country risks and the missing variable bias of omitting risk aversion from migration regressions is substantial.","onlinedate":"2018-10-01 12:00:00","lang":"English","publication_series":"","publication_date":"20181001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"34","keywords":"[\"Former Communist Countries\",\"Migration intentions\",\"Risk Aversion\"]","jelcodes":"[\"J61\",\"R23\"]","related_publications":"[]","pdf":374626,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"569","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2018-10-01 12:00:00","types":[44410],"research_groups":[3481],"collaboration":"","persons":[3621,3755],"persons_data":"[{\"personId\":3621,\"personName\":\"Peter Huber\",\"organisationNames\":[]},{\"personId\":3755,\"personName\":\"Klaus Nowotny\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Huber, P.<\\\/span><span>, &amp; Nowotny, K.<\\\/span> (2018). <span>Risk Aversion and the Willingness to Migrate in 30 Countries<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (569). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/61283\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/61283<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Huber P<\\\/span><span>, Nowotny K<\\\/span>. <span class=\\\"title\\\"><span>Risk Aversion and the Willingness to Migrate in 30 Countries<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2018 Oct;(569).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{81dea960805e46ee84a4047bab7a67a3,<\\\/div><div>  title    = \\\"Risk Aversion and the Willingness to Migrate in 30 Countries\\\",<\\\/div><div>  abstract = \\\"We use individual level data covering 30 mostly post-communist and developing countries which account for over a fifth of the worldwide immigrant stock to assess the impact of risk aversion on the willingness to migrate. Consistent with theories of individual level migration decisions, risk aversion has a statistically significant negative impact on both the willingness to migrate within countries as well as abroad. This applies to virtually all countries considered and is robust across various specifications, to alternative measures of risk aversion and to different measures of the willingness to migrate. Differences in the impact of risk aversion on the willingness to migrate are also positively correlated to measures of sending country risks and the missing variable bias of omitting risk aversion from migration regressions is substantial.\\\",<\\\/div><div>  keywords = \\\"Former Communist Countries, Migration intentions, Risk Aversion, Former Communist Countries, Migration intentions, Risk Aversion\\\",<\\\/div><div>  author   = \\\"Peter Huber and Klaus Nowotny\\\",<\\\/div><div>  note     = \\\"Risk Aversion and the Willingness to Migrate\\\",<\\\/div><div>  year     = \\\"2018\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Risk Aversion and the Willingness to Migrate in 30 Countries<\\\/p><p>AU  - Huber, Peter<\\\/p><p>AU  - Nowotny, Klaus<\\\/p><p>N1  - Risk Aversion and the Willingness to Migrate<\\\/p><p>PY  - 2018\\\/10<\\\/p><p>Y1  - 2018\\\/10<\\\/p><p>N2  - We use individual level data covering 30 mostly post-communist and developing countries which account for over a fifth of the worldwide immigrant stock to assess the impact of risk aversion on the willingness to migrate. Consistent with theories of individual level migration decisions, risk aversion has a statistically significant negative impact on both the willingness to migrate within countries as well as abroad. This applies to virtually all countries considered and is robust across various specifications, to alternative measures of risk aversion and to different measures of the willingness to migrate. Differences in the impact of risk aversion on the willingness to migrate are also positively correlated to measures of sending country risks and the missing variable bias of omitting risk aversion from migration regressions is substantial.<\\\/p><p>AB  - We use individual level data covering 30 mostly post-communist and developing countries which account for over a fifth of the worldwide immigrant stock to assess the impact of risk aversion on the willingness to migrate. Consistent with theories of individual level migration decisions, risk aversion has a statistically significant negative impact on both the willingness to migrate within countries as well as abroad. This applies to virtually all countries considered and is robust across various specifications, to alternative measures of risk aversion and to different measures of the willingness to migrate. 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