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Crossing the border: Self-selection, earnings and individual migration decisions
Bertoli, Simone; Fernández-Huertas Moraga, Jesús; … - 2010
individual earnings and use them to estimate a discrete-choice migration equation that allows for correlated errors across … destinations and a rich structure of migration costs. We find that earnings significantly shape individual migration decisions …, even in an episode in which Ecuadorians mostly chose Spain where earnings were lower than in the US, and they contribute to …
Persistent link: https://www.econbiz.de/10010269810
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Happiness and the persistence of income shocks
Bayer, Christian; Juessen, Falko - 2012
We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a novel two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the theory of incomplete markets, we...
Persistent link: https://www.econbiz.de/10010283993