TY  - RPRT
        AU  - Arcand, Jean-Louis
AU  - Mbaye, Linguère Mously
        TI  - Braving the Waves: The Role of Time and Risk Preferences in Illegal Migration from Senegal
        PY  - 2013/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7517
        UR  - https://www.iza.org/publications/dp7517
        AB  - This paper aims to provide the first evidence concerning the relationship between time and risk preferences and illegal migration in an African context. Based upon our theoretical model and using a unique data set on potential migrants collected in urban Senegal, we evaluate a measure of time and risk preferences through the individual's intertemporal discount rate and coefficient of absolute risk aversion. Remarkably, our results show that these individual preferences matter in the willingness to migrate illegally and to pay a smuggler.
        KW  - illegal migration
KW  - discount rate
KW  - risk aversion
KW  - Africa
KW  - Senegal
        ER  -