International migration versus foreign investment in the presence of unemployment.
"This paper extends the standard (two-factor, one-good) model of international factor movements, to include unemployment due to a minimum-income guarantee within the capital-abundant country.  From this country's perspective, we establish important departures from previous (full-employment) results.  Most notably, our analysis shows that:  (1) free factor mobility is worse than no mobility; (2) the optimal degree of labour migration is zero; and (3) national welfare can always be maximized by an optimal flow of capital.  The analysis is then extended to examine:  (1) illegal migration; (2) subsidization of employment; and (3) alternative views of unemployment."
Brecher
R A
RA
Choudhri
E U
EU
D003710:Demography; D004467:Economics; D004641:Emigration and Immigration; D004651:Employment; D005376:Financial Management; D007182:Income; D007449:Investments; D008962:Models, Theoretical; D011153:Population; D011157:Population Dynamics; D012106:Research; D012959:Socioeconomic Factors; D014171:Transients and Migrants; D014478:Unemployment
Capital; Demographic Factors; Economic Conditions; Economic Factors; Employment; Financial Activities; Illegal Migrants; Income; International Migration; Investments; Macroeconomic Factors; Migrants; Migration; Models, Theoretical; Population; Population Dynamics; Research Methodology; Socioeconomic Factors; Unemployment; World