Ghatak, Subrata; Levine, Paul; Price, Stephen Wheatley - In: Journal of Economic Surveys 10 (1996) 2, pp. 159-98
This paper presents a critical survey of theories of migration, their welfare and policy implications and their empirical relevance. We also develop some extensions to the theory beginning with the Harris and Todaro (HT) model. In particular, the HT model is extended to examine risk averse...