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Migration, diversity and regional risk sharing

Ventura, Luigi and Ventura, Maria (2021) Migration, diversity and regional risk sharing. Applied Economics, 53 (44). 5090 - 5102. ISSN 0003-6846

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Identification Number: 10.1080/00036846.2021.1915465

Abstract

The economic consequences of migration have become the topic of many recent contributions in theoretical and applied economics. However, only a handful of papers have dealt with the implications of migration for risk sharing. We intend to fill in this gap in the literature by exploring the effects of migration and the ensuing cultural diversity on risk sharing in receiving economies, by using data on US states in the period 2000–2015. Our empirical results strongly suggest that migration enhances risk sharing in host economies, but non monotonically so. Moreover, cultural diversity is key in this risk sharing-enhancing effect of migration.

Item Type: Article
Official URL: https://www.tandfonline.com/journals/raec20
Additional Information: © 2021 Informa UK Limited, trading as Taylor & Francis Group.
Divisions: Economics
Subjects: H Social Sciences > HC Economic History and Conditions
J Political Science > JV Colonies and colonization. Emigration and immigration. International migration
JEL classification: C - Mathematical and Quantitative Methods > C2 - Econometric Methods: Single Equation Models; Single Variables > C23 - Models with Panel Data
C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E21 - Macroeconomics: Consumption; Saving; Aggregate Physical and Financial Consumer Wealth
F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration
Date Deposited: 11 Apr 2022 13:51
Last Modified: 25 Apr 2022 10:30
URI: http://eprints.lse.ac.uk/id/eprint/114853

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