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Native-Migrant Differences in Risk Attitudes

Discussion Papers 560, 9 S.

Holger Bonin, Amelie Constant, Konstantinos Tatsiramos, Klaus F. Zimmermann

2006. Feb.

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Published in: Applied Economics Letters 16 (2009) Iss. 15, 1581-1586


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.

JEL-Classification: D1;D8;F22;J15;J16;J3;J62;J82
Keywords: Risk attitudes, Ethnicity, Native-migrant differences, Gender differences, Secondgeneration effects
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