Using uncertainty about the future returns to migration, the option value theory of migration can explain low migration rates in spite of huge wage differences. This paper presents the theory in a simple two-period framework and uses ethnic Germans in the CIS to find empirical support for it....

Using uncertainty about the future returns to migration, the option value theory of migration can explain low migration rates in spite of huge wage differences. This paper presents the theory in a simple two-period framework and uses ethnic Germans in the CIS to find empirical support for it....

Die Skepsis gegenüber Auslandsentsendungen wächst. Berichte über gescheiterte Manager und unzufriedene Familien lassen ambitionierte Nachwuchskräfte zögern. Wer den Schritt ins Ausland dennoch wagt, profitiert von einzigartigen Lernchancen im interkulturellen Kontext. Vor allem in...