Moretto, Michele; Vergalli, Sergio - Dipartimento di Scienze Economiche "Marco Fanno", … - 2007
This paper look at why most migration flows include observable jumps, a phenomenon that is in line with migration … irreversibility. We have presented a real option model where the migration choice depends on both the wage differential between the … migration decision of an individual consists of waiting to migrate in a (coordinated) mass of individuals. The size of the …