The author builds a new model of labour migration explaining it on the basis of three premise - firstly, that though migrants are often individual agents, there is more to migration than individual optimizing behaviour; secondly, that migration is not simply a response to wage differentials; and thirdly, that a great many migratory phenomena would not occur if the set of markets and financial institutions were complete. In the light of these premises, the author offers new insights on the strategic migratory behaviour of families, and the distribution of human capital and labour supply across markets and time. The work is aimed at researchers and graduate students in development and labour economics, development studies, demography, geography and policy analysis.
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This book models afresh labor migration and various phenomena and processes associated with it. It builds on three premises. First, that though migrants are often individual agents, there is more to labor migration than an individualistic behavior. Migration by one person can be undertaken in pursuit of rational optimizing behavior by a group of persons such as the family. Second, there is more to labor migration than a response to wage differentials. Third, a great many migratory phenomena would not have occured if the set of markets and financial institutions were perfect and complete.
The book attempts to explain labor migration in the light of these three premises and their interactions. It offers new insights on why and when entities such as families may find it optimal to behave strategically, to act simultaneously in, and to distribute their human capital across, several markets, and to sequence their actions in a particular fashion. The book demonstrates how migration is ingeniously and efficiently harnessed to assume a variety of tasks. It also takes a novel look at how migratory outcomes are fed back into and modify the very market environments that stimulated migration.
"Throughout the book, Stark challenges received wisdom and presents new ideas and insights into migration behaviour, its causes, and its role in the development process. It is impossible to do justice here in conveying the breadth and originality of the work.the book is stimulating, insightful, and frequently persuasive... a powerful body of thought on labor migration in developing countries." The Economic Journal
"The Migration of Labor is one of those rare books in economics that sustains a vision of an interconnected topic with uniformly high analytical rigor." C. Peter Timmer, Harvard University
"An important contribution and will be of considerable interest to researchers in the field of labor migration."
"This book provides an important contribution to the migration literature." Journal of Regional Science
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