benefits on the migration decision. While benefits simply increase the expected gain for risk neutral individuals, they work as … an insurance device for risk averse migrants; the results for the two groups might differ. Thus, the migration decision … model suggests increased migration incentives independent of taste and a positive selection of risk neutral individuals …

Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration … result with Cobb-Douglas technology and migration which may go in both directions. This paper shows that the exit option may … reduce human capital formation with a quadratic production technology. -- human capital formation ; migration ; economic …

the primary focus is on international migration, reference is made to internal migration and return migration. The … favorable selectivity is more intense the greater the out-of-pocket (direct) costs of migration and return migration, the … greater the effect of the higher level of ability on lowering the costs of migration, and the smaller the relative skill …

Using uncertainty about the future returns to migration, the option value theory of migration can explain low migration … in the 1990s, we use information on the stage of the application process, migration intentions and ethnicity to construct … close proxies for the option value of postponing migration and for migration costs. The link between the two is shown to be …