Economic perspectives on migration

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Economic perspectives on migration

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Publication BookChapter
Title Economic perspectives on migration
Author Karpestam, Peter ; Andersson, Fredrik NG
Editor Gold, Stephen J. ; Nawyn, Stephanie J.
Date 2019
English abstract
The economic literature on migration has a strong focus on labor migration. It typically distinguishes between migration within countries and between countries and it focuses on the determinants of migration rather than their consequences. Motives and consequences of migration are difficult to separate. We explore the policy implications and empirical support of six common theories. We distinguish between theories of (1) the initiating causes of migration and (2) the self-perpetuating causes of migration, i.e. how current migration flows can cause future migration flows. Our discussion reveals the complexity of motives to migrate, which highlights the necessity of viewing different theories as complementary rather than contradictory. For instance, the new economics of labor migration complements neoclassical theories by emphasizing that households rather than individuals often make migration decisions and by dropping the assumption that individuals are risk-neutral. Further, macroeconomic theories complement microeconomic theories by highlighting that basic structural characteristics of the economy, such as segmented labor markets and scarcity of land, can induce migration flows. Finally, we show that when evaluating different theories empirically, there is support for different theories at different time horizons (the short run, medium run and long run), a supposition commonly ignored in the empirical literature.
DOI https://doi.org/10.4324/9781315458298-2 (link to publisher's fulltext.)
Publisher Routledge
Host/Issue Routledge International Handbook of Migration Studies [2nd edition]
Series/Issue Routledge International Handbooks;
ISBN 9781138208827
9781315458298
Language eng (iso)
Subject Migration
Economics
Humanities/Social Sciences
Research Subject Categories::SOCIAL SCIENCES
Handle http://hdl.handle.net/2043/30260 Permalink to this page
Buy print http://www.bokfynd.nu/...9781138208827 (Search for reseller)
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