Time preference and labour migration in an OLG model with land and capital
AbstractThis 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 InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 9 (1996)
Issue (Month): 4 ()
Note: Received March 13, 1995 / Accepted November 13, 1995
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- CRETTEZ , Bertrand & MICHEL , Philippe & VIDAL , Jean-Pierre, 1995. "Time Preference and Labour Migration in an OLG Model with Land and Capital," CORE Discussion Papers 1995046, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
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