Across-Household Migration Decision
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | |
|---|---|---|---|---|---|---|---|
| HH_avg_wtRisk | 0.010*** | 0.004 | 0.009*** | 0.003 | 0.002 | 0.003 | 0.003 |
| (0.003) | (0.004) | (0.003) | (0.004) | (0.004) | (0.004) | (0.004) | |
| HH_range_wtRisk | 0.017*** | 0.016*** | 0.017*** | 0.015*** | 0.014*** | ||
| (0.004) | (0.004) | (0.004) | (0.004) | (0.004) | |||
| HH controls | X | X | X | X | X | ||
| Additional HH wealth controls | X | ||||||
| Excluding individuals aged above 70 | X | ||||||
| Excluding individuals aged above 60 | X | ||||||
| Observations | 2,961 | 2,961 | 2,961 | 2,961 | 2,605 | 2,908 | 2,662 |
| R-squared | 0.31 | 0.31 | 0.31 | 0.32 | 0.32 | 0.32 | 0.33 |
Notes: The table reports estimates from LPM regressions of a dummy that equals one if the household (HH) has at least one migrant member in the labor force (that is, aged 16–60 and not currently in school or disabled) on different household-level measures of willingness to take risks and other controls. The variables HH_avg_wtRisk and HH_range_wtRisk measure the average and the range of willingness to take risks in the household, respectively. HH controls: household size and structure (number of family members under 16, in the labor force, and older than 60), per capita house value (in logs), size of the family plot, and the years of education and age of the head of household. Additional HH wealth controls: value of productive assets and household debt (in logs). All specifications include 82 county fixed effects. The sample includes all households in which at least two individuals have reported risk attitudes, and at least one of these is in the labor force (that is, aged 16–60 and not currently in school or disabled). In Columns 6 and 7, we exclude individuals older than 70 and 60 years, respectively, when computing household-level measures of risk preferences. Robust standard errors are reported in brackets.
* p < 0.1,
** p < 0.05,
↵*** p < 0.01.