Allen, Jeremiah - In: The Review of Regional Studies 33 (2003) 3, pp. 284-95
A human capital model of migration that includes location-specific capital and job search is integrated with job …-matching/flows approach to labor markets. This generates a model that is consistent with the observed pro-cyclicality of new migration. Unlike … all previous models, this model not only explains, it predicts the observed counter-cyclicality of return migration. …