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Does Migration Work Experience Promote Return Home for Entrepreneurship? The Mediation of Cognitive Ability and the Moderation of Risk Preference

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Abstract

Migrant workers play a crucial role as potential entrepreneurs in enhancing the quality and efficiency of rural revitalization, garnering widespread attention from both the academic and practical realms. Our paper utilizes micro-survey data from 542 farmers collected by our research team from 2021 to 2022 and employs experimental economics methods to measure farmers’ cognitive abilities (CA) and risk preferences (RP). It systematically examines the impact and mechanisms of migration work experience (MWE) on migrant workers’ return home for entrepreneurship (RHE). The findings reveal that MWE promotes farmers’ participation in RHE. This conclusion remains robust after addressing endogeneity issues through robustness checks and instrumental variable methods. Further mechanism exploration indicates that MWE can enhance farmers’ CA, thereby increasing their likelihood of engaging in RHE. Additionally, RP strengthens the positive effect of MWE on farmers’ participation in RHE. These findings not only provide theoretical evidence for migrant workers’ involvement in RHE but also offer valuable insights for stimulating endogenous entrepreneurial vitality in rural areas and achieving rural revitalization.

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Data Availability

Due to the inclusion of participant information protected by privacy regulations, access to a portion of the data from this study is restricted and cannot be shared publicly. Researchers interested in accessing the restricted data may contact us at 3044486124@qq.com to discuss data access under conditions that comply with ethical standards.

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Acknowledgements

We would like to thank all respondents, interviewees, and participants who participated in the experiment.

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Contributions

Cunhu **: conceptualization, methodology, formal analysis, visualization, writing original draft, writing original draft. Yingqin Zhang: formal analysis, visualization. **aochi Zhao: methodology, supervision. **aoqian Qu: writing revised draft.

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Correspondence to Yingqin Zhang.

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**, C., Zhang, Y., Zhao, X. et al. Does Migration Work Experience Promote Return Home for Entrepreneurship? The Mediation of Cognitive Ability and the Moderation of Risk Preference. J Knowl Econ (2024). https://doi.org/10.1007/s13132-024-01970-5

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  • DOI: https://doi.org/10.1007/s13132-024-01970-5

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