The fact that members of an immigrant community may have different demographiccharacteristics, or may have different tastes, to the indigenous population, may manifestitself in differences in saving behaviour. In addition, depending on their ethnicbackground, there could be differences among the...

Was the increase in income inequality in the US due to permanent shocks or merely to anincrease in the variance of transitory shocks? The implications for consumption and welfaredepend crucially on the answer to this question. We use CEX repeated cross-section data onconsumption and income to...

This paper estimates the wealth effects on consumption in the euro area as a whole. Ishow that: (i) financial wealth effects are relatively large and statistically significant;(ii) housing wealth effects are virtually nil and not significant; (iii) consumptiongrowth exhibits strong persistence...

The aim of this study is to examine the underlying dimensions of self-stated attitudesand behaviour concerning everyday financial affairs, and classify individuals basedon those dimensions. A questionnaire was answered by 1282 respondents in the German-speaking part of Switzerland. The sample of...

This paper theoretically and empirically analyzes the interaction of emigration of highly skilled labor, an economy`s income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with endogenous education and R&D investment decisions we show...

This paper updates and extends the Docquier-Marfouk data set on international migration byeducational attainment. We use new sources, homogenize definitions of what a migrant is,and compute gender-disaggregated indicators of the brain drain. Emigration stocks and ratesare provided by level of...

It is argued that migration from Mexico to the US and its corresponding return migration aredetermined by international wage differentials and preferences for origin. We use a model ofjob search, savings and migration to show that job turnover is a crucial determinant of themigration process...

This paper examines whether family and community migration experience affect theprobability of high school graduation in Mexico once unobserved heterogeneity is accountedfor. Bivariate random effects dynamic probit models for cluster data are estimated to controlfor the endogeneity of education...

The paper advocates for a new measure of the ethnic identity of migrants, models itsdeterminants and explores its explanatory power for various types of their economicperformance...