Discussion paper

DP5587 Native-Migrant Differences in Risk Attitudes

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.


Zimmermann, K, H Bonin, A Constant and K Tatsiramos (2006), ‘DP5587 Native-Migrant Differences in Risk Attitudes‘, CEPR Discussion Paper No. 5587. CEPR Press, Paris & London. https://cepr.org/publications/dp5587