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Erratum to: How do migrants save? Evidence from the British household panel survey on temporary and permanent migrants versus natives

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  • Giuseppe De Arcangelis

    (Department of Social Sciences and Economics, Sapienza University of Rome)

  • Majlinda Joxhe

    (CREA - University of Luxemburg, Campus Limpertsberg)

Abstract

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. JEL classification: F22; D91; C40 Copyright Arcangelis and Joxhe; licensee Springer. 2015
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Giuseppe De Arcangelis & Majlinda Joxhe, 2017. "Erratum to: How do migrants save? Evidence from the British household panel survey on temporary and permanent migrants versus natives," IZA Journal of Migration and Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 7(1), pages 1-1, December.
    • Handle: RePEc:spr:izamig:v:7:y:2017:i:1:d:10.1186_s40176-017-0110-6
    DOI: 10.1186/s40176-017-0110-6
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    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General

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