How do migrants save? Evidence from the British Household Panel Survey on temporary and permanent migrants versus natives
Bibliographic Data
| ID | 3115123 |
|---|---|
| Authors | Giuseppe De Arcangelis (0000-0002-2518-8535, Sapienza University of Rome, corresponding author), Majlinda Joxhe (0000-0001-6911-5461, University of Luxembourg) |
| Year | 2015 |
| Volume | 4 |
| Issue | 1 |
| Pages | 11 |
| Publication date | 2015-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | IZA Journal of Development and Migration (JOURNAL) |
| Journal identifiers | ISSN: 2520-1786 • E-ISSN: 2520-1786 |
| Publisher | Walter de Gruyter GmbH (PUBLISHER • DE) |
| DOI | 10.1186/s40176-015-0034-y |
| OpenAlex | W2150448437 |
| Language | EN |
| Citations received | 4 |
| References cited | 26 |
This paper investigates the saving behavior of migrants in the UK across different dimensions, i.e., comparing temporary versus permanent migrants and migrants versus natives. Established theoretical predictions show that migrants save more when they plan to stay in the destination only temporarily as target savers. Our empirical evidence takes into account the contemporaneous choice of savings and remittances. Moreover, when comparing the saving profiles of both natives and migrants, we uncover the weight of observable socio-economic characteristics other than income and wealth. We use the British Household Panel Survey for the period 1991-2008. The estimation results confirm that temporary migrants have a propensity to save 26 per cent higher than permanent migrants in UK. We also introduce an index of financial capability adjusted for income as an explanatory variable and, when employing the Blinder-Oaxaca decomposition for the Tobit model of saving choice, migrants are more affected by observable social-economic characteristics than natives
British Household Panel Survey · Demographic economics · Econometrics · Economics · Empirical evidence · Estimation · Geography · Household income · Index (typography · Labour economics · Monetary economics · Panel data · Panel survey · Permanent income hypothesis · Tobit model · Variable (mathematics · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Migration and Labor Dynamics
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| Unique citing works | 4 |
|---|---|
| Citations per year | 0,57 |
| Citation span | 2019 - 2025 (7) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |