Return and dynamics: the path of labor migration when workers differ in their skills and information is asymmetric.

O. Stark*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

"An implementation of the theory of labor migration under asymmetric information shows that return migration arises from the reinstatement of informational symmetry which induces low-skill workers, who are no longer pooled with high-skill workers, to return. When workers in an occupation constitute more than two skill levels, say four (without loss of generality), the following patterns emerge: Migration is sequential, that is, it proceeds in waves. Each wave breaks into workers who return and workers who stay; within waves the returning migrants are the low-skill workers. The average skill level of migrants is rising in the order of their wave." excerpt

Original languageEnglish
Pages (from-to)55-71
Number of pages17
JournalScandinavian Journal of Economics
Volume97
Issue number1
DOIs
StatePublished - 1995

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