Abstract
This paper is concerned with the existence of temporary equilibria of migration with an overlapping generation structure and analyzes some of its properties. In the first part of the paper sufficient conditions for the existence of a temporary equilibrium of migration (in a given period) are given. In the second part some interesting properties of migration equilibria are analyzed. In particular the effects of differing degrees of information of the individuals on migration equilibria are investigated. Furthermore, it is shown that incomplete information alone suffices to induce migration flows even between countries that can be regarded as “identical” from an economic point of view.
Similar content being viewed by others
References
Berninghaus S, Seifert-Vogt HG (1987) International migration under incomplete information. Schweiz Z Volkswirt Statistik 2:199–218
Berninghaus S, Seifert-Vogt HG (1988) Temporary vs. permanent migration: A decision theoretical approach. J Popul Econ 1:195–211
Blume L (1979) The Ergodic behaviour of stochastic processes of economic equilibria. Econometrica 47:1421–1432
Blume L (1982) New techniques for the study of stochastic equilibrium processes. J Math Econ 9:61–70
Galor O (1986) Time preference and international labour migration. J Econ Theory 38:1–20
Galor O, Stark O (1991) The impact of differences in the levels of technology on international labour migration. J Popul Econ 4 (in press)
Gittins J (1979) Bandit processes and dynamic allocation indices. J R Statist Soc Ser B 41:148–177
Glazebrook KD (1982) On a sufficient condition for superprocesses due to whittle. J Appl Probab 19:99–110
Grandmont JM (1977) Temporary general equilibrium theory. Econometrica 45:535–572
Grandmont JM, Hildenbrand W (1976) Stochastic processes of temporary equilibria. J Math Econ 1:247–277
Kemp MC, Kondo H (1989) An analysis of international migration: The unilateral case. In: Zimmermann KF (ed) Economic theory of optimal population. Springer, Berlin Heidelberg New York, pp 153–165
Lippman S, McCall J (1982) The economics of uncertainty: Selected topics and probabilistic methods. In: Arrow K, Intrilligator M (eds) Handbook of mathematical economics, vol I. North-Holland, Amsterdam New York, pp 211–284
Maier G (1985) Cumulative causation and selectivity in labour market oriented migration caused by imperfect information. Reg Studies 19:231–241
Mandelbaum A (1986) Discrete multi-armed bandits and multiparameter processes. Probab Theory Relat Fields 71:129–147
McCall J, McCall B (1984) The economics of information: a sequential model of capital mobility, Discussion paper no. 186, Series A. Department of Economics, University of Konstanz
McCall J, McCall B (1987) A sequential study of migration and job search. J Labour Econ 5:452–476
Whittle P (1980) Multi-armed bandits and the Gittins index. J R Statist Soc Ser B 42:143–149.
Author information
Authors and Affiliations
Additional information
The paper was partly written during a research stay at the Sonderforschungsbereich 178 (University of Konstanz). Financial support of the Deutsche Forschungsgemeinschaft is gratefully acknowledged. We wish to thank an anonymous referee for helpful comments.
Rights and permissions
About this article
Cite this article
Berninghaus, S., Seifert-Vogt, H.G. A temporary equilibrium model for international migration. J Popul Econ 4, 13–36 (1991). https://doi.org/10.1007/BF00160366
Received:
Accepted:
Issue Date:
DOI: https://doi.org/10.1007/BF00160366