Should I Stay or Should I Go? Migration under Uncertainty: A New Approach

Abstract

This paper considers migration as an investment decision. We develop a continuoustime stochastic model to explain the optimal timing of migration, in the presence of ongoing uncertainty over wage differentials. Our results reveal that households prefer to wait before migrating, even if the present value of the wage differential is positive, because of the… (More)

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Cite this paper

@inproceedings{Khwaja2000ShouldIS, title={Should I Stay or Should I Go? Migration under Uncertainty: A New Approach}, author={Yasmeen Khwaja}, year={2000} }