TY - GEN

AU - McKenzie, David

AU - Gibson, John

AU - Stillman, Steven

TI - A Land of Milk And Honey With Streets Paved With Gold Do Emigrants Have Over-Optimistic Expectations About Incomes Abroad ?

PB - The World Bank

KW - Accurate Information

KW - Annual Income

KW - Bank

KW - Consumer

KW - Consumer Goods

KW - Demands

KW - Earnings

KW - Economic Theory and Research

KW - Education

KW - Finance and Financial Sector Development

KW - Financial Literacy

KW - Fiscal and Monetary Policy

KW - Health Systems Development and Reform

KW - Health, Nutrition and Population

KW - Household Income

KW - Income

KW - Incomes

KW - Information

KW - Labor Markets

KW - Labor Policies

KW - Macroeconomics and Economic Growth

KW - Money

KW - Population Policies

KW - Public Sector Development

KW - Remittances

KW - Social Protections and Labor

PY - 2007

N2 - Millions of people emigrate every year in search of better economic and social opportunities. Anecdotal evidence suggests that emigrants may have over-optimistic expectations about the incomes they can earn abroad, resulting in excessive migration pressure, and in disappointment among those who do migrate. Yet there is almost no statistical evidence on how accurately these emigrants predict the incomes that they will earn working abroad. In this paper the authors combine a natural emigration experiment with unique survey data on would-be emigrants' probabilistic expectations about employment and incomes in the migration destination. Their procedure enables them to obtain moments and quantiles of the subjective distribution of expected earnings in the destination country. The authors find a significant underestimation of both unconditional and conditional labor earnings at all points in the distribution. This underestimation appears driven in part by potential migrants placing too much weight on the negative employment experiences of some migrants, and by inaccurate information flows from extended family, who may be trying to moderate remittance demands by understating incomes

CY - Washington, D.C

UR - http://slubdd.de/katalog?TN_libero_mab2

ER -