Gaumont, Damien; Macdissi, Charbel - In: Brussels Economic Review 55 (2012) 2, pp. 151-177
This paper proposes a framework to analyze international migrations under uncertainty in theDiamond (1965) two period overlapping generations model with two countries. Considering arandom country-shock on both labor and capital, we show that each autarkic Cobb-Douglaseconomy converges to a...