As part of their efforts to pool individual risks, households consider spreading their members over a multiplicity of locations both within their country of origin and abroad. At the same time, the world has innumerable Chinatown and Little Italies : when people move they tend to bunch in the same location. Bunching would appear to be fundamentally at odds with the desire for risk diversification. In this paper we provide a framework to reconcile spatial bunching and spreading of migrants, combining risk-aversion and concavity of mobility costs at the household level.
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Paper provided by Banca Italia - Servizio di Studi in its series Papers with number
290.
Find related papers by JEL classification: J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities and Races; Non-labor Discrimination
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