The paper deals with existence and properties of temporary migration equilibria with an overlapping generations structure in a two-country-world. Individuals are living for two periods. As a young individual they are supposed to be incompletely informed about wage rates and the quality of life...

In a seminal paper O. Williamson (1968) pointed out the relevance of wage rates as a barrier to entry. The crucial point in Williamson's argument is the technological difference between incumbents and entrants - as a potential entrant is supposed to produce with a more labor intensive technology...