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Abstract: In this paper, I examine the impact of risk attitudes on migration
decision. I use the "Two Sample Two-Stage Instrumental Variable (TS2SIV)" technique to
measure relative risk aversion and its impact on migration. Using the probit model, I find
that more risk averse people are less likely to migrate. The results also indicate that the
impact of risk attitude on migration varies by ot... read moreher demographic characteristics such as
age, sex etc. In addition, I test whether there is any network effect on migration and how
risk attitudes vary with network effect. I consider two ethnic groups; Asian and Hispanic,
and find that the size of one's own ethnic group in a source location has significant
effect on the migration decisions. In addition, I also find the evidence that risk
attitudes vary with network effect.
Thesis (M.S.)--Tufts University, 2012.
Submitted to the Dept. of Economics.
Advisor: Jeffrey Zabel.
Committee: Randall Akee, and Anna Hardman.
Keywords: Economics, and Economics, Labor.read less
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