This paper argues that urbanization reshapes individual's risk preference by exerting self-selection and assimilation … evidence supporting our two-effect theory and the magnitudes of both effects are sizable and near in scale. The assimilation … average. Overall, urbanization improves migrants' risk appetite, and mediated by this improvement, migrants are more likely to …

China's central government has rightfully recognized that successful urbanization will be decisive for the nation … in China, the paper calls for a housing strategy that accommodates the surging waves of rural to urban migration, one of … the main drivers of urbanization, and that provides migrants with greater urban socio-economic opportunities, improves …

toward rural-to-urban migrants and the impacts of prejudice on rural migrants' integration into urban communities. The … with urban hukou at birth, are more prejudiced toward rural migrants. Given that hukou status at birth is tied to the … migrants' integration, prejudice reduces their perceived social standing and increases the number of livelihood problems …

environment influences risk tolerance. Using the 2009 RUMiC data for China, we find that rural-urban migrants and their family … measured risk attitudes and their consequences for migration. We also investigate whether substantial changes in the risk …

migration is a household decision. We develop a simple model that implies that which member migrates depends on the distribution … induce migrations that would not take place in an individual framework. Using unique data for China on risk attitudes of … internal (rural-urban) migrants and the families left behind, we empirically test three key implications of the model: (i) that …