Migration, diversity and regional risk sharing

被引:2
作者
Ventura, Luigi [1 ]
Ventura, Maria [2 ]
机构
[1] Sapienza Univ Rome, Dept Econ & Law, Via Castro Laurenziano, I-600186 Rome, Italy
[2] London Sch Econ, Dept Econ, London, England
关键词
Regional risk sharing; consumption insurance; migration; diversity; CULTURAL-DIVERSITY; ETHNIC DIVERSITY; IMMIGRATION; INSURANCE; US; WAGES; TIES;
D O I
10.1080/00036846.2021.1915465
中图分类号
F [经济];
学科分类号
02 ;
摘要
The economic consequences of migration have become the topic of many recent contributions in theoretical and applied economics. However, only a handful of papers have dealt with the implications of migration for risk sharing. We intend to fill in this gap in the literature by exploring the effects of migration and the ensuing cultural diversity on risk sharing in receiving economies, by using data on US states in the period 2000-2015. Our empirical results strongly suggest that migration enhances risk sharing in host economies, but non monotonically so. Moreover, cultural diversity is key in this risk sharing-enhancing effect of migration.
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页码:5090 / 5102
页数:13
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