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Real Options and Migration: Undocumented Workers and their Choices: The Case of Mexican Migration to the United States and Rural to Urban Migration in Developing Countries - Couverture souple

Sengupta, Bhaswati

 
9783838315478: Real Options and Migration: Undocumented Workers and their Choices: The Case of Mexican Migration to the United States and Rural to Urban Migration in Developing Countries
Couverture souple
ISBN 10 : 3838315472 ISBN 13 : 9783838315478
Editeur : LAP LAMBERT Academic Publishing, 2010

Synopsis

This work uses advances in Real Options Theory to develop a theoretical model of the migration decision under uncertainty. Prospective migrants face a future that evolves in new and unexpected ways, and the flexibility in responding to new conditions is an important consideration in the original decision to migrate. Real Options theory allows us to value this strategic flexibility as the future unfolds. Two specific instances of migration are analyzed within this framework: a prospective Mexican migrant considering work in the United States without legal documents and a rural worker in a developing economy moving to find work in the city. The uncertainty considered in these host environments stem from various sources such as the evolution of wages, the possibility of being apprehended and deported back to Mexico, the possibility of acquiring legal status for an undocumented worker or of finding formal sector work for an informal worker. The theoretical model for Mexico to U.S. migration is computationally solved and its implications are studied under different policy alternatives.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

This work uses advances in Real Options Theory to develop a theoretical model of the migration decision under uncertainty. Prospective migrants face a future that evolves in new and unexpected ways, and the flexibility in responding to new conditions is an important consideration in the original decision to migrate. Real Options theory allows us to value this strategic flexibility as the future unfolds. Two specific instances of migration are analyzed within this framework: a prospective Mexican migrant considering work in the United States without legal documents and a rural worker in a developing economy moving to find work in the city. The uncertainty considered in these host environments stem from various sources such as the evolution of wages, the possibility of being apprehended and deported back to Mexico, the possibility of acquiring legal status for an undocumented worker or of finding formal sector work for an informal worker. The theoretical model for Mexico to U.S. migration is computationally solved and its implications are studied under different policy alternatives.

Biographie de l'auteur

Bhaswati Sengupta is an Assistant Professor of Economics at Hofstra University in Long Island, NY. Her research focuses on labor, health and immigration issues and the application of Real Options theory in analyzing a variety of household decisions. She lives in Queens, New York with her husband, Mark.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2010
Langue
anglais
ISBN 10 
3838315472
ISBN 13 
9783838315478
Reliure
Broché
Nombre de pages
104
Coordonnées du fabricant
non disponible
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