Exit and Save : Migration and Saving under Violence

This paper examines how households trade off migration and savings when subject to exogenous violence. The authors propose that households under violence decide jointly on migration and saving, because a higher asset-stock is more difficult to carry to a new place. When confronted with exogenous violence, households are expected to consider migration, and reduce their assets, both in order to reduce their exposure to violence, and to make migration easier. In some cases, after a migration decision has been taken, savings can increase as a function of violence to ensure a minimum bundle to carry. Empirical evidence from rich Colombian micro-data supports the conceptual framework for violence that carries a displacement threat, such as guerrilla attacks.

Bibliographic Details

Main Author:	Grun, Rebekka E.
Language:	English
Published:	2009-04-01
Subjects:	ACCESS TO SERVICES, ACCESSIBILITY, ACCOUNTING, AGRICULTURE, ASSET OWNERSHIP, ASSET PRICING, BANK, BANK ASSETS, BANK CREDIT, BANK DEPOSITS, BANKS, BENEFICIARIES, BIAS, BORROWING, CALCULATIONS, CAPITAL, CAPITAL GAINS, CAPITAL INVESTMENT, CHILD LABOUR, CHILDREN, CONSUMER, CONSUMPTION, CORPORATE FINANCE, COST ESTIMATE, CREDIT, CREDIT SCORING, DECISION MAKING, DELINQUENCY, DEPOSIT, DEVELOPMENT BANK, DEVELOPMENT ECONOMICS, DEVELOPMENT POLICIES, ECONOMETRIC ANALYSIS, ECONOMETRICS, ECONOMIC DEVELOPMENT, ECONOMIC POLICY, ECONOMIC RESEARCH, ECONOMIC SURVEYS, EDUCATION, EDUCATION LEVEL, EDUCATIONAL ATTAINMENT, ELASTICITY, ELASTICITY OF SUBSTITUTION, EMPLOYER, EMPLOYMENT STATUS, ENTERPRISE, ENTERPRISES, EQUITY, EXCLUSION, EXPECTED VALUE, EXPENDITURE, EXPOSURE TO VIOLENCE, EXTORTION, FAMILIES, FAMILY, FAMILY MEMBERS, FAMILY STRUCTURE, FAMILY WELFARE, FEMALE-HEADED HOUSEHOLDS, FINANCE, FINANCIAL REGULATION, FIXED ASSETS, FORCED MIGRATION, FUTURE INCOME, GANGS, GENDER, HOUSEHOLD, HOUSEHOLD INCOME, HOUSEHOLD SAVING, HOUSEHOLD SAVINGS, HOUSEHOLDS, HUMAN CAPITAL, HUMAN RIGHTS, ID, INCENTIVES, INCOME MEASURES, INCREASING RETURNS, INDIRECT COST, INEQUALITY, INFLUENCE, INFORMATION, INSTITUTIONAL REFORMS, INSURANCE, INTEREST, INTEREST RATE, INTERNATIONAL BANK, INVESTMENT DECISIONS, INVESTMENTS, JOB SEARCH, JOB TRAINING, KNOWLEDGE, LIFETIME, LIFETIMES, MARITAL STATUS, MARRIAGE, MEASUREMENT, MIGRANT WORKERS, MONEY, MONTHLY INCOME, NATURAL RESOURCES, OTHER ASSETS, OUTCOMES, PENSION REFORMS, PEOPLE, PERSECUTION, PHYSICAL VIOLENCE, POLITICAL ECONOMY, POPULATION, PRECAUTIONARY SAVINGS, PRIMARY EDUCATION, PROBABILITY, PRODUCTIVITY, PROPERTY, PROPERTY RIGHTS, PUBLIC PENSION, QUESTIONNAIRE, REAL COST, REAL ESTATE, REFUGEE, REFUGEES, RELIGIOUS GROUPS, REVENUE, RISK AVERSE, RISK OF VIOLENCE, RISK PERCEPTION, SALARY, SAVING, SAVING BEHAVIOR, SAVINGS, SAVINGS BEHAVIOR, SAVINGS BEHAVIOUR, SAVINGS RATE, SAVINGS RATES, SOCIAL CAPITAL, SOURCE OF INCOME, STATE UNIVERSITY, STOCKS, TAXATION, THEORY, TRADE, TRANSACTIONS, UTILITY, VALUE, VARIABLES, VILLAGE, VIOLENCE, WAGE, WEALTH, WELFARE, WELFARE SYSTEM, WOMEN, WORKSHOP, WORTH,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090429090453 https://hdl.handle.net/10986/4109
Tags:	Add Tag No Tags, Be the first to tag this record!