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The 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...
Persistent link: https://www.econbiz.de/10012469115
Within the conceptual framework of the Roy model, this paper provides an empirical analysis of internal migration flows using data from the National Longitudinal Surveys of Youth. The theoretical approach highlights regional differences in the returns to skills: regions that pay higher returns...
Persistent link: https://www.econbiz.de/10012474978
studies by focusing on the relationship between job mobility and migration. First, the proportion of geographic mobility that … relationship between migration and job mobility. Third, the effect of migration on the wage gains of individuals is studied and … job mobility is demonstrated at different points in the life cycle …
Persistent link: https://www.econbiz.de/10012478677
This paper documents the presence of non-economic career motivations in the U.S. labor market, explores reasons why such motivations could arise, and provides an explanation for why they might have persisted across many generations. The analysis links ethnic (migrant) labor market networks in...
Persistent link: https://www.econbiz.de/10012464929
Building on theories of international relations, we analyze how mistrust (uncertainty about an adversary's preferences or capabilities), misperception (imperfect observation of an adversary's actions), and misunderstanding (non-degenerate higher-order beliefs) can lead to conflict and drive its...
Persistent link: https://www.econbiz.de/10014372438
We use response curves in a repeated game to analyze key aspects of mutual deterrence: escalation, de-escalation, incomplete deterrence, and deterrence by denial. In this approach, episodes of violence are due to interacting response curves, which disincentivize opponents from attacking through...
Persistent link: https://www.econbiz.de/10015171676
We examine innovative contexts like scientific research or technical R&D where agents must search across many potential projects of varying and uncertain returns. Is it better to possess incomplete but accurate data on the value of some projects, or might there be cases where it is better to...
Persistent link: https://www.econbiz.de/10014544680
Starting from Robbins (1952), the literature on experimentation via multi-armed bandits has wed exploration and exploitation. Nonetheless, in many applications, agents' exploration and exploitation need not be intertwined: a policymaker may assess new policies different than the status quo; an...
Persistent link: https://www.econbiz.de/10014544703
Industries with significant scale economies or learning-by-doing may come to be dominated by a single firm. Economists have studied how likely this is to happen, and whether it is efficient, using models where buyers are price or quantity takers, even though these industries are often also...
Persistent link: https://www.econbiz.de/10014528398
Many, if not most, personalistic dictatorships end up with a disastrous decision such as Hitler's attack on the Soviet Union, Hirohito's government launching a war against the United States, or Putin's invasion of Ukraine in February 2022. Even if the decision is not ultimately fatal for the...
Persistent link: https://www.econbiz.de/10014250204