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Estimation of a human capital model of migration
Abstract:
"The main deficiency of the current literature on the determinants of migration is the large gap between theoretical analyses and empirical applications. If no direct link is established between a theoretical model and its empirical specification, the empirical results cannot validate the model. This paper develops a version of the human capital model of migration which permits empirical specification. The human capital model presented incorporates two important concepts from migration theory: (1) an index of characteristics that uniquely define a specific location; and (2) location-specific human capital. The empirical model is estimated with a data set consisting of a number of cases from the Michigan [United States] Panel Study of Income Dynamics (PSID) survey."
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