Incomplete Information and Migration: the Grass is Greener Across the Higher Fence

Less information about a location has long been believed to be a barrier to new migration to that location. Diverse empirical results support this belief. Here we show that if agents are risk-neutral, less information about a location not only is "not" a barrier to migration to that location, it is actually an "attractor". Only if agents are Bayesian and risk-averse is less information a barrier. Copyright Blackwell Publishers, 2005

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Year of publication:	2005
Authors:	Allen, Jeremiah M. ; Eaton, B. Curtis
Published in:	Journal of Regional Science. - Wiley Blackwell, ISSN 0022-4146. - Vol. 45.2005, 1, p. 1-19
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005655226