International migration under incomplete information.
"We present a model for deriving optimal sequential migration decisions under incomplete information.  As a main characteristic of the model, the decision maker can rationally learn about pecuniary and non-pecuniary net return on migration in different countries by migrating into these countries.  Furthermore it is shown that the optimal migration policy can be characterized by a 'simple' procedure, called 'Gittins-index policy'. In the context of our sequential migration model we find more satisfying explanations for some relevant empirical observations (e.g. remigration) than...would be possible within the traditional deterministic approach."  (SUMMARY IN FRE AND GER)
Berninghaus
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Seifert-vogt
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D001519:Behavior; D003657:Decision Making; D003710:Demography; D004467:Economics; D004641:Emigration and Immigration; D007182:Income; D008962:Models, Theoretical; D011153:Population; D011157:Population Dynamics; D011640:Public Policy; D012106:Research; D012959:Socioeconomic Factors
Behavior; Decision Making; Demographic Factors; Economic Factors; Income; Information; International Migration; Migration; Migration Policy; Models, Theoretical; Policy; Population; Population Dynamics; Population Policy; Research Methodology; Return Migration; Social Policy; Socioeconomic Factors; Theoretical Studies; World