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.

Bonin, Holger, Amelie Constant, Konstantinos Tatsiramos und Klaus F. Zimmermann (2009), Native-Migrant Differences in Risk Attitudes, Applied Economics Letters 16(15), 1581-1586.


Bonin, Holger
Constant, Amelie
Tatsiramos, Konstantinos
Zimmermann, Klaus F.


Risk attitudes, ethnicity, native-migrant differences, gender differences, secondgeneration