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Uncertainty and International Migration: An Option Cum Portfolio Model

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  • Mahmudul Anam
  • Shin-Hwan Chiang
  • Lieng Hua

Abstract

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Suggested Citation

  • Mahmudul Anam & Shin-Hwan Chiang & Lieng Hua, 2008. "Uncertainty and International Migration: An Option Cum Portfolio Model," Journal of Labor Research, Springer, vol. 29(3), pages 236-250, September.
    • Handle: RePEc:spr:jlabre:v:29:y:2008:i:3:p:236-250
    DOI: 10.1007/s12122-007-9033-y
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    References listed on IDEAS

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    1. Burda, Michael C, 1995. "Migration and the Option Value of Waiting," CEPR Discussion Papers 1229, C.E.P.R. Discussion Papers.
    2. Dixit, Avinash K, 1989. "Entry and Exit Decisions under Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 620-638, June.
    3. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    4. Borjas, George J & Bronars, Stephen G, 1991. "Immigration and the Family," Journal of Labor Economics, University of Chicago Press, vol. 9(2), pages 123-148, April.
    5. Oded Stark, 1991. "The Migration of Labor," Blackwell Books, Wiley Blackwell, number 1557860300, June.
    6. Mahmudul Anam & Shin-Hwan Chiang, 2007. "Rural - urban migration of family labor: A portfolio model," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 16(3), pages 325-335.
    7. Daveri, Francesco & Faini, Riccardo, 1999. "Where Do Migrants Go?," Oxford Economic Papers, Oxford University Press, vol. 51(4), pages 595-622, October.
    8. Avinash Dixit, 1992. "Investment and Hysteresis," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 107-132, Winter.
    9. Tan Wang & Tony Wirjanto, 1997. "The Role of Risk Aversion and Uncertainty in Individual's Migration Decision," Working Papers 98003, University of Waterloo, Department of Economics, revised Nov 1997.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. M. Moretto & Sergio Vergalli, 2008. "Migration dynamics," Journal of Economics, Springer, vol. 93(3), pages 223-265, April.
    2. John Gardner & Joshua R. Hendrickson, 2018. "If I Leave Here Tomorrow: An Option View of Migration When Labor Market Quality Declines," Southern Economic Journal, John Wiley & Sons, vol. 84(3), pages 786-814, January.
    3. Sergio Vergalli, 2011. "Entry and Exit Strategies in Migration Dynamics," Journal of Labor Research, Springer, vol. 32(4), pages 362-389, December.
    4. Baran Siyahhan & Hamed Ghoddusi, 2022. "Optimal investment in human capital under migration uncertainty," Review of International Economics, Wiley Blackwell, vol. 30(2), pages 422-449, May.
    5. Klaus Nowotny, 2010. "Risk Aversion, Time Preference and Cross-border Commuting and Migration Intentions," WIFO Working Papers 379, WIFO.
    6. Michele Moretto & Sergio Vergalli, 2008. "Managing Migration through Quotas: an Option-theory Perspective," Working Papers 0805, University of Brescia, Department of Economics.
    7. Sergio Vergalli, 2008. "The Role of Community in Migration Dynamics," LABOUR, CEIS, vol. 22(3), pages 547-567, September.
    8. Sergio Vergalli, 2006. "Dynamics in Immigration Community," Working Papers ubs0613, University of Brescia, Department of Economics.
    9. Michele Moretto & Sergio Vergalli, 2010. "Managing Migration Through Conflicting Policies: An Option‐Theory Perspective," Scottish Journal of Political Economy, Scottish Economic Society, vol. 57(3), pages 318-342, July.
    10. Christian Schmidt, 2011. "Commuting and Migration Decisions under Cost Uncertainty," ERSA conference papers ersa10p1481, European Regional Science Association.
    11. An, Galina & Becker, Charles M., 2013. "Uncertainty, Insecurity, and Emigration from Kazakhstan to Russia," World Development, Elsevier, vol. 42(C), pages 44-66.
    12. Braun, Marius, 2022. "A Real-Options Analysis of Climate Change and International Migration," VfS Annual Conference 2022 (Basel): Big Data in Economics 264006, Verein für Socialpolitik / German Economic Association.
    13. Auer, Daniel & Tetlow, Daniel, 2020. "Brexit, collective uncertainty and migration decisions," Discussion Papers, Research Unit: Migration, Integration, Transnationalization SP VI 2020-102, WZB Berlin Social Science Center.
    14. Marius Braun, 2021. "A Real-Options Analysis of Climate Change and International Migration," MAGKS Papers on Economics 202138, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    15. Shamsuddin, Mrittika & Katsaiti, Marina Selini & El Anshasy, Amany A., 2022. "Income rank and income concerns: What correlates with international migration intentions?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 490-505.
    16. Knut Petzold, 2020. "Migration, Commuting, or a Second Home? Insights from an Experiment Among Academics," European Journal of Population, Springer;European Association for Population Studies, vol. 36(2), pages 277-315, April.
    17. Klaus Nowotny, 2014. "Cross-border commuting and migration intentions: the roles of risk aversion and time preference," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 8(2), June.
    18. Christian Schmidt, 2014. "Optimal Commuting and Migration Decisions under Commuting Cost Uncertainty," Urban Studies, Urban Studies Journal Limited, vol. 51(3), pages 477-492, February.

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    More about this item

    Keywords

    Migration; Family; Risk diversification; Option value; D81; F22;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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