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ECON0041 Migration and Job Search Summary UCL $16.17   Add to cart

Summary

ECON0041 Migration and Job Search Summary UCL

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A detailed summary of the lecture material for Economics of Migration and Job Search (ECON0041) taught by Dr Suphanit Piyapromdee, complete with information from live lectures and additional information from academic papers. Final mark: 72%

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  • June 13, 2023
  • 58
  • 2022/2023
  • Summary
  • Unknown
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WEEK1


modelling decisions
migration

Forcountryofhomecountryandcountry I thostcountryl



skills manual Sm
cognitive Sc

skills
Price manual b t countryi fi o 1
cognitiveskills je hostcountry1
Productive
capacity
humancapital
bis bimsmtbic.sc
inefficiencyunits

Returntohumancapital Rit
incountryi timeperiod t

n
t
In wit InRie bis



Decision
making
Oneshotmigrationdecision noreturn

Liverfortperiods

LetCbethemigrationcosts
fixedcost


net
gains
Eeoc e EEolitige c
oflifetimey
pinvhost Pingshiffie
country



migrateif I o

maynotmigrateevenif I o if
v largeC creditconstrainedpeoplecan'tafford
upfrontcortcevenw netgain
a preferencesforamenities nonmonetary
4 weather 4 family

, Addingreturnmigration

Liverfor Tperiods

Decideswhetherto
migrateandhowlongtomigratefor
t

Tiamat homecountryo
yes cjl hostcountry 1
utilityfromlivingincountry
4 assumeEo E homebiasedpreferences


Max lifetime u
Ej Cj s t budgetconstraint


pricesof
goods
given Eos E p pot
hotter

therformigrgingffstbethat


Now letp p withhomebiasedpreferences


case I wot et homebiasedpreferences

Yin
is
country
Motiveto host p
country




case 2 w I incomeeffect ed
Yin
aime relativeto host I don'tneedtoworkasmuchforsomeearnings
country country

substitutioneffect et
relative
wages

workmoreto earnmoresincewt

, WEEK2




IRoymodelI




country E emigration I immigration


Labour
income Ye incountryE Yji N Mj651 Ij E Il
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Si n N10,11 Cov51,521 0
manual Sa


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p gg


i returnofworker i incountryj is eds Rjxebjest this
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0



Letthemigrationcostsbe a
worker i migrates if





µ t Uzi k ME t Ei t
UIi UEi Met K HI y N lpg by t bit
Indomuarables

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