-border commuting and migration as modes of mobility. The theoretical model shows that risk aversion has a negative effect on the … hypotheses regarding risk aversion and shows that the rate of time preference has a nonlinear effect on migration and commuting … regions in the European Union, in which both migration and commuting are possible. …

-border commuting and migration as modes of mobility. The theoretical model shows that risk aversion has a negative effect on the … hypotheses regarding risk aversion and shows that the rate of time preference has a nonlinear effect on migration and commuting … regions in the European Union, in which both migration and commuting are possible …

)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will … preference ; discounting ; uncertainty ; expected utility ; recursive utility ; risk aversion ; intertemporal substitutability …

used to estimate the discount rates of households. We show that there is substantial heterogeneity in discounting behaviour …

purchasing power parity (ppp) and the wage ratio between the host and source countries. It is shown that in theory immigrants may … substitute consumption intertemporally. However, the empirical results from immigrants in Germany reveal that optimal migration …

We present new descriptive evidence on the immigrant-native gap in risk and time preferences in Germany, one of the … define as economic immigrants who intend to stay in Germany only temporarily, are very similar in their risk preferences to …

, entrepreneurship and an obesity index. Very significant effects are found. If weexplain ? in a simple model where time discounting is …

risk aversion in a simple model where time discounting is ignored, we find completely different estimates for this …