The Time Pattern of Internal Migration: Human Capital Meets Job Matching
A human capital model of migration that includes location-specific capital and job search is integrated with job-matching/flows approach to labor markets. This generates a model that is consistent with the observed pro-cyclicality of new migration. Unlike all previous models, this model not only explains, it predicts the observed counter-cyclicality of return migration.
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- Barron, John M & McCafferty, Stephen, 1977. "Job Search, Labor Supply, and the Quit Decision: Theory and Evidence," American Economic Review, American Economic Association, vol. 67(4), pages 683-691, September.
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