Across-Household Migration Decision
| Labor Force Age Range | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 16–60 | 16–50 | ||||||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | |
| HH max wtRisk | 0.012*** | 0.017*** | 0.011*** | 0.015*** | 0.016*** | 0.015*** | 0.013*** | 0.017*** | 0.017*** | 0.017*** | 0.018*** |
| (0.003) | (0.004) | (0.003) | (0.004) | (0.004) | (0.004) | (0.004) | (0.004) | (0.005) | (0.004) | (0.004) | |
| HH oth wtRisk | −0.009* | −0.008 | −0.009 | −0.009* | −0.007 | −0.012** | −0.014** | −0.014** | −0.015*** | ||
| (0.005) | (0.005) | (0.006) | (0.005) | (0.006) | (0.006) | (0.006) | (0.006) | (0.006) | |||
| HH controls | X | X | X | X | X | X | X | X | X | ||
| Additional HH wealth controls | X | X | |||||||||
| Excluding individuals aged above 70 | X | X | |||||||||
| Excluding individuals aged above 60 | X | X | |||||||||
| Observations | 2,961 | 2,961 | 2,961 | 2,961 | 2,605 | 2,908 | 2,662 | 2,189 | 1,904 | 2,154 | 2,083 |
| R-squared | 0.31 | 0.31 | 0.32 | 0.32 | 0.32 | 0.32 | 0.33 | 0.36 | 0.35 | 0.36 | 0.36 |
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 the risk preferences of the individual with the highest willingness to take risks in the household among those in the labor force (HH_max_wtRiskhk, the average risk attitudes among all other household members (HH_oth_wtRiskhk, and other controls. 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 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. In Columns 1–7, the age bracket for workers to be considered part of the labor force is 16–60 years; in Columns 8–11 it is 16–50 years. 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, within the defined age bracket and not currently in school or disabled). In Columns 6 and 10, we exclude individuals older than 70 years, when computing the risk tolerance of other household members (HH_oth_wtRisk), while in Columns 7 and 11 we exclude those older than 60. Robust standard errors are reported in brackets.
↵* p < 0.1,
↵** p < 0.05,
↵*** p < 0.01.