Initial Assessment of Colombian-Canadian Migration

The results presented in this paper are aim at examining and comparing the migratory events occurred betwixt two countries which have different social and economic conditions. The information developed along this text is, therefore, an initial assessment on migration between Canada and Colombia. The author used hermeneutics as a main methodological tool for conducting this study.This paper concludes that, although there are a range of motivations behind the decision to leaving one’s home country, the pursuit for better economic conditions is the dominant factor.

Heterogeneity and the formation of risk - sharing coalitions

We offer a new explanation of partial risk sharing based on coalition formation and segmentation of society in a risky environment, without assuming limited commitment and imperfect information. Heterogenous individuals in a society freely choose with whom they will share risk. A partition belonging to the core of the membership game obtains. Perfect risk sharing does not necessarily arise. Focusing on mutual insurance rule and assuming that individuals only differ with respect to risk, we show that the core partition is homophily-based. The distribution of risk affects the number and size of these coalitions. Individuals may pay a lower risk premium in riskier societies. A higher heterogeneity in risk leads to a lower degree of risk sharing. We discuss how the endogenous partition of society into risk-sharing coalitions may shed light on empirical evidence on partial risk sharing. The case of heterogenous risk aversion leads to similar results.