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Time preference and labour migration in an OLG model with land and capital

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Author Info

  • Jean-Pierre Vidal

    (CORE, CREPP, University of Liège and CEME, University of Paris I, France)

  • Philippe Michel

    (CORE, IUF, GREQAM and University of Aix-Marseille II, France)

  • Bertrand Crettez

    (CERDO, University of Paris IX and CEME, University of Paris I, 12, Place du Panthéon, F-75231 Paris Cedex 05, France)

Abstract

This paper constructs a two-country migration model in the lines of Galor (1986), in which the world population consists of individuals of two types who have different time preferences. Production uses three inputs: mobile labour, immobile capital and land. It is shown that both countries are necessarily inhabited by agents of both types and exhibit equal density of population and equal interest rate at the steady state equilibrium of the integrated economy. The steady state welfare implications of international labour migration are studied. JEL classifications: F22, J61

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Bibliographic Info

Article provided by Springer in its journal Journal of Population Economics.

Volume (Year): 9 (1996)
Issue (Month): 4 ()
Pages: 387-403

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Handle: RePEc:spr:jopoec:v:9:y:1996:i:4:p:387-403

Note: Received March 13, 1995 / Accepted November 13, 1995
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Related research

Keywords: Migration · overlapping generations;

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Cited by:
  1. Francesco Magris & Giuseppe Russo, 2005. "Selective immigration policies, human capital accumulation and migration duration in infinite horizon," PSE Working Papers halshs-00590772, HAL.
  2. Meier, Volker, 2000. "Time preference, international migration, and social security," Munich Reprints in Economics 19190, University of Munich, Department of Economics.
  3. Frédéric DOCQUIER & Joël MACHADO & Khalid SEKKAT, 2012. "Efficiency gains from liberalizing labor mobility," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2012023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  4. Klaus Nowotny, 2010. "Risk Aversion, Time Preference and Cross-border Commuting and Migration Intentions," WIFO Working Papers 379, WIFO.
  5. Leers, Theo & Meijdam, Lex & Verbon, Harrie A. A., 2004. "Ageing, migration and endogenous public pensions," Journal of Public Economics, Elsevier, vol. 88(1-2), pages 131-159, January.
  6. Jean-Pierre Vidal, 1998. "The effect of emigration on human capital formation," Journal of Population Economics, Springer, vol. 11(4), pages 589-600.
  7. repec:hal:wpaper:halshs-00590772 is not listed on IDEAS
  8. Luca Marchiori & Ingmar Schumacher, 2009. "When nature rebels: international migration, climate change and inequality," Working Papers hal-00358759, HAL.
  9. Damien Gaumont & Alice Mesnard, 1999. "Altruism and International Labour Migration," Working Papers 99-05, Centre de Recherche en Economie et Statistique.
  10. Thibault, E., 2000. "Labor Immigration and Long Run Welfare in a Growth Model with Heterogeneous Agents and Endogenous Labor Supply," G.R.E.Q.A.M. 00a12, Universite Aix-Marseille III.
  11. Mehmet S. Tosun, 2005. "Global Aging and Fiscal Policy with International Labor Mobility," IMF Working Papers 05/140, International Monetary Fund.
  12. Tosun, Mehmet S., 2009. "Global Aging and Fiscal Policy with International Labor Mobility: A Political Economy Perspective," IZA Discussion Papers 4166, Institute for the Study of Labor (IZA).
  13. Damien Gaumont & Alice Mesnard, 2001. "Inheritance, land, and capital mobility linked to labour mobility," Journal of Population Economics, Springer, vol. 14(4), pages 669-687.

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