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

Author

Listed:
  • 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
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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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    Cited by:

    1. is not listed on IDEAS
    2. Graziella Bertocchi & Marianna Brunetti & Anzelika Zaiceva, 2023. "The Financial Decisions of Immigrant and Native Households: Evidence from Italy," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(1), pages 117-174, March.
    3. repec:ces:ifodic:v:15:y:2017:i:3:p:50000000000046 is not listed on IDEAS
    4. Bastien Chabé-Ferret & Joel Machado, 2017. "The Impact of Intention to Leave on Immigrants’ Behaviour," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(03), pages 16-19, October.
    5. Akay, Alpaslan & Brausmann, Alexandra & Djajic, Slobodan & Kirdar, Murat Güray, 2018. "Purchasing-Power-Parity and the Saving Behavior of Temporary Migrants," IZA Discussion Papers 11679, IZA Network @ LISER.
    6. Irene Ferrari, 2020. "The nativity wealth gap in Europe: a matching approach," Journal of Population Economics, Springer;European Society for Population Economics, vol. 33(1), pages 33-77, January.
    7. Chabé-Ferret, Bastien & Machado, Joël & Wahba, Jackline, 2018. "Remigration intentions and migrants' behavior," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 56-72.
    8. Joxhe, Majlinda & Scaramozzino, Pasquale & Zanaj, Skerdilajda, 2021. "Fiscal Position of Immigrants in Europe: A Quantile Regression Approach," GLO Discussion Paper Series 758, Global Labor Organization (GLO).
    9. Shirin Akter, 2018. "Do remittances and foreign aid augment the gross savings: Bangladesh, India and Philippines perspective?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 65(4), pages 449-463, December.
    10. Hannah Zillessen, 2022. "Uncertainty, Citizenship & Migrant Saving Choices," Economics Series Working Papers 1008, University of Oxford, Department of Economics.
    11. Bastien Chabé-Ferret & Joël Machado & Jackline Wahba, 2016. "Return Plans and Migrants' Behavior," LIDAM Discussion Papers IRES 2016016, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    12. Akay, Alpaslan & Brausmann, Alexandra & Djajić, Slobodan & Kırdar, Murat G., 2021. "Purchasing-power-parity and the saving behavior of temporary migrants," European Economic Review, Elsevier, vol. 134(C).
    13. Majlinda Joxhe & Pasquale Scaramozzino & Skerdilajda Zanaj, 2024. "The Public Finance Position of Immigrants in Europe: A Quantile Regression Approach," Public Finance Review, , vol. 52(2), pages 182-221, March.

    More about this item

    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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