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Title: The Effect of Expected Income on Individual Migration Decisions
Resulting in 1 citation.
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Kennan, John Walker, James R. |
The Effect of Expected Income on Individual Migration Decisions Econometrica 79,1 (January 2011): 211-251. Also: http://onlinelibrary.wiley.com/doi/10.3982/ECTA4657/abstract Cohort(s): NLSY79 Publisher: Blackwell Publishing, Inc. => Wiley Online Keyword(s): Economics, Demographic; High School Completion/Graduates; Income; Income Dynamics/Shocks; Income Level; Migration This paper develops a tractable econometric model of optimal migration, focusing on expected income as the main economic influence on migration. The model improves on previous work in two respects: it covers optimal sequences of location decisions (rather than a single once-for-all choice) and it allows for many alternative location choices. The model is estimated using panel data from the National Longitudinal Survey of Youth on white males with a high-school education. Our main conclusion is that interstate migration decisions are influenced to a substantial extent by income prospects. The results suggest that the link between income and migration decisions is driven both by geographic differences in mean wages and by a tendency to move in search of a better locational match when the income realization in the current location is unfavorable. |
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Bibliography Citation
Kennan, John and James R. Walker. "The Effect of Expected Income on Individual Migration Decisions." Econometrica 79,1 (January 2011): 211-251.
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