Time preference and labour migration in an OLG model with land and capital.
"This paper constructs a two-country migration model in the lines of Galor (1986), in which the world population consists of individuals of two types who have different time preferences. Production uses three inputs: mobile labour, immobile capital and land. It is shown that both countries are necessarily inhabited by agents of both types and exhibit equal density of population and equal interest rate at the steady state equilibrium of the integrated economy. The steady state welfare implications of international labour migration are studied."
Crettez
B
B
Michel
P
P
Vidal
J P
JP
D000383:Agriculture; D003247:Conservation of Natural Resources; D003710:Demography; D004467:Economics; D004641:Emigration and Immigration; D004777:Environment; D005843:Geography; D008962:Models, Theoretical; D011153:Population; D011156:Population Density; D011157:Population Dynamics; D012106:Research; D013997:Time Factors; D014171:Transients and Migrants
Capital; Demographic Factors; Economic Factors; Environment; Geographic Factors; International Migration; Labor Migration; Land Supply; Macroeconomic Factors; Migration; Models, Theoretical; Natural Resources; Population; Population Density; Population Dynamics; Research Methodology; Spatial Distribution; Time Factors; World