DP5587 Native-Migrant Differences in Risk Attitudes

Author(s): Holger Bonin, Amelie Constant, Konstantinos Tatsiramos, Klaus F Zimmermann
Publication Date: March 2006
Keyword(s): ethnicity, gender differences, native-migrant differences, risk attitudes, second-generation effects
JEL(s): D1, D81, F22, J15, J16, J31, J62, J82
Programme Areas: Labour Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=5587

This paper questions the perceived wisdom that migrants are more risk-loving than the native population. We employ a new large German survey of direct individual risk measures to find that first-generation migrants have lower risk attitudes than natives, which only equalize in the second generation.