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.

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...

Die menschliche Geschichte war immer wieder geprägt von Wanderungsprozessen. Doch Migration konnte und kann die Probleme in den Herkunftsländern nicht lösen, schafft aber neue Probleme in den Zielländern. Der Autor entwickelt Vorschläge für eine realistische Einwanderungspolitik....