Working Paper: CEPR ID: DP5587
Authors: Holger Bonin; Amelie Constant; Konstantinos Tatsiramos; Klaus F. Zimmermann
Abstract: 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.
Keywords: ethnicity; gender differences; native/migrant differences; risk attitudes; second-generation effects
JEL Codes: D1; D81; F22; J15; J16; J31; J62; J82
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| environment of second-generation immigrants (J69) | risk attitudes (D81) |
| first-generation immigrants (J11) | lower risk attitudes (D81) |
| second-generation immigrants (J69) | equal risk attitudes to natives (J15) |
| first-generation immigrants (J11) | more risk averse than natives (J15) |