The "option value of waiting" theory applied to interregional migration predicts that a potential migrant actually moves only when the wage differential between origin and destination places exceeds a certain threshold, which might be much higher than the Marshallian trigger. In this paper we...

In this paper we suggest an alternative estimator and an alternative graphical analysis, both developed by Hyndman et al. (1996), to describe the law of motion of cross-sectional distributions of per-capita income and its components in Europe. This estimator has better properties than the kernel...