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A general equilibrium model of guest-worker migration: the source-country perspective
Journal of International Economics
|November 1, 1988
Summary
This study models temporary guest-worker migration as an intertemporal optimization problem for individuals. It analyzes migration decisions, savings, stay duration, and impacts on wages and welfare.
Area of Science:
- Economics
- Labor Economics
- Migration Studies
Background:
- Examines guest-worker migration dynamics.
- Considers utility-maximizing individuals with finite working lives.
Purpose of the Study:
- Analyze microeconomic decisions in temporary migration.
- Determine equilibrium migrant flow, domestic wages, and worker welfare.
- Investigate the economic effects of an emigration tax.
Main Methods:
- Intertemporal optimization framework.
- Microeconomic modeling of individual migration decisions.
- Analysis of general equilibrium effects.
Main Results:
- Individual decisions on migration, saving, and stay duration are optimized intertemporally.
- Equilibrium migrant flows, domestic wages, and welfare levels are determined.
- Emigration taxes impact migration patterns and welfare.
Conclusions:
- Temporary migration is a complex optimization problem for individuals.
- Migration flows and domestic labor markets are sensitive to policy interventions like emigration taxes.
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