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The long-term impact of international migration on economic decision-making: Evidence from a migration lottery and lab-in-the-field experiments

Gibson, John and McKenzie, David and Rohorua, Halahingano and Stillman, Steven (2019) The long-term impact of international migration on economic decision-making: Evidence from a migration lottery and lab-in-the-field experiments. Journal of Development Economics , 138 . pp. 99-115. ISSN 0304-3878

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Abstract

We study how migrating from a poor country to a rich country affects economic beliefs, preference parameters,and household decision-making efficiency. In a ten-year follow-up survey of applicants to a migration lottery program we elicit risk and time preferences and pro-market beliefs for the migrants and the unsuccessful applicants. The successful and the unsuccessful applicants are each linked to closest relative households, who would stay in the home country if the applicant moved, to play lab-in-the-field games that measure intra-family trust and the efficiency of intra-family decision-making. Despite the large permanent income shock from migrating, there are no significant impacts on risk and time preferences, pro-market beliefs, or decision-making efficiency of transnational households. This stability in the face of such a large and life-changing event lend credence to economic models of migration that treat these determinants of decision-making as time-invarian

Item Type: Journal Article
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Business and Economics (FBE) > Graduate School of Business
Depositing User: Mele Paea
Date Deposited: 09 Dec 2019 10:33
Last Modified: 09 Dec 2019 10:33
URI: http://repository.usp.ac.fj/id/eprint/11864
UNSPECIFIED

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