ECONOMICS OF MIGRATION

Migration concerns a variety of private and
collective choices, which are of immense value to the
functioning of the market economy. This book provides
theoretical clarification to the issue with special
emphasis on the effects of migration of people. Three
types of analytical frameworks are used. The
Microeconomic Framework is based on a synthesis of
the classical models of labour migration and trade
policy. The short-run effects of taxation are
examined in close scrutiny. The Macroeconomic
Framework applies the Neo-Keynesian macroeconomic
model to the analysis of factor migration paying
attention to the market adjustment mechanism. In
examining the effects of local policies, the long
disgraced Adaptive Expectations Hypothesis is given
fresh interpretations. In the Club Theoretic
Framework, welfare in a locality depends on its size.
The competitive dynamics of the system is a product
of people s exit-type migration choices and their
collective voice-type choices. The need for
centralized policy intervention is also analyzed. The
leading intuition of the book is that migration
should be a vital element of spatial resource
allocation in the real-world context.

Autorentext
Hannu Laurila, Ph.D; Professor in Economics, Department of Economics and Accounting, University of Tampere, Finland.

Klappentext
Migration concerns a variety of private and collective choices, which are of immense value to the functioning of the market economy. This book provides theoretical clarification to the issue with special emphasis on the effects of migration of people. Three types of analytical frameworks are used. The Microeconomic Framework is based on a synthesis of the classical models of labour migration and trade policy. The short-run effects of taxation are examined in close scrutiny. The Macroeconomic Framework applies the Neo-Keynesian macroeconomic model to the analysis of factor migration paying attention to the market adjustment mechanism. In examining the effects of local policies, the long disgraced Adaptive Expectations Hypothesis is given fresh interpretations. In the Club Theoretic Framework, welfare in a locality depends on its size. The competitive dynamics of the system is a product of people's exit-type migration choices and their collective voice-type choices. The need for centralized policy intervention is also analyzed. The leading intuition of the book is that migration should be a vital element of spatial resource allocation in the real-world context.